Money started his life as clay chips and scraps of silver and gold in the ancient cities of Mesopotamia. We have come a long way from 2500 BC and cold cash is increasingly replaced by the less tangible currency, hence the growth of payment ‘contractiess “systems and mobile commerce (m-commerce). m-commerce started with wireless POS (point of sale) terminals napkins, but he quickly made its way into mobile phones and PDA (personal digital assistants), as it offers some advantages over more traditional methods of payment. There is no need for a phone jack or electrical outlet, so that it can be more flexible, and commercial application of wireless payment systems is growing.
In Asia, people were able to use their mobile phones as debit or credit cards for several years, using electronic money to pay for groceries or to pick up the tab at restaurants, and this trend is beginning to spread to other regions. In 2006, eBay PayPal introduced SMS-service, allowing users to use their mobile phone to send money to businesses, charities, or even to another phone or e-mail. At the moment it is not supported by all providers of telecommunications services, and this is possible only in the United States and Canada, but it’s only a matter of time availability as well as the online PayPal service.
Such systems, as Mobillcash also allow people to use their mobile phones to make payments online without a credit or debit card, he charged to their mobile phone bill. Payment does not require a credit card, or require customers to provide their financial details online, which allows the company to attract customers without cards, or those who are uncomfortable using their cards on the Internet.
Not all of m-commerce applications use the same technology, or adopt the same approach to payments, but the standards are developed, for example, NFT, (Near Field Technology). It is used for a number of m-payment applications or proceedings. Londoners are already using NFT based Oyster cards to pay their fees up to a couple of years, but the passengers in the German city of Hanau use their mobile phones to pay for public transport, as well as loyalty cards in local entertainment.
NFT placing a chip reader, data can be transmitted and with a chip, so that the possible applications go far beyond making payments. Witness the French town of Qana, where citizens are trialling NFT system, which allows them to pay for services and receive information directly to your phone. Applications include payments in the underground garage, city hall, and supermarkets, as well as the bus stop which can transmit information graphics, cinema poster which downloads video trailers for mobile users, and a sign that provides tourist information via SMS messages and phone calls.
With these developments, as it is difficult to predict how many of us will continue to be available in four or five years, and already 4500 years, the money will probably seem as quaint as clay tokens.