What are the operating modes of mobile payment?

The payment mode of operator billing means that the whole payment process is arranged by the operator, and the user only needs to send SMS authorization, and the operator handles the whole payment process for the user and extracts part of the profits. The fees paid by users will be directly included in the mobile phone bill.

Advantages: For consumers, one advantage of this payment method is that it is very convenient. As long as you send a text message to authorize, you can complete the transaction.

● Disadvantages: Operators usually take the bulk of profits, sometimes as high as 15%-50%.

Operator billing will have a big market for a long time in the future and will become an important part of mobile payment. However, according to industry forecasts, this payment method is unlikely to break out and become the mainstream of mobile payment. With the maturity of other mobile payment schemes, this payment method is likely to gradually fade out of the market.

Near field communication

NFC technology is a short-distance high-frequency wireless communication technology, which allows contactless point-to-point data transmission between electronic devices (within 10 cm). This technology is developed from contactless radio frequency identification (RFID), which is recognized by backward compatibility. It is mainly used to provide M2M (short for machine machine) communication in handheld devices such as mobile phones. NFC mobile payment allows people to completely get rid of POS machines and complete the payment process at close range through mobile phones or NFC devices. At present, this technology has been applied to bus IC cards and access cards in some areas.

● Advantages: Compared with the traditional short-distance communication payment, NFC payment has the advantages of security and fast connection establishment. The use distance of this payment is less than 10 cm, which can avoid mutual interference between devices. In addition, the time to establish the connection is less than 0. 1 sec, which ensures the safety of user payment and has low cost.

● Disadvantages: The popularity of NFC needs a large number of hardware devices to support it, and the premise for mobile phone manufacturers and financial institutions to deploy a large number of hardware devices is that there is a large enough market. In addition, this payment method is also faced with the standard of who to use, what to do if the user's mobile phone is lost, and how to set the payment limit.

Due to the high security of NFC payment, this technology is considered by the industry to have great development prospects in mobile payment and other fields. As a mature payment technology, NFC has been applied in many fields. According to the industry forecast, once the industry standard of mobile payment is unified, NFC payment is likely to become the mainstream mobile payment means in the future.

Credit card payment

Credit card payment means that users can use mobile card readers provided by hardware manufacturers to cooperate with smart phones. They can match credit card spending through applications in any 3G or WiFi network state. It enables consumers and businesses to pay and collect money anywhere and save the corresponding consumption information, which greatly reduces the technical threshold and hardware requirements of credit card consumption payment.

● Advantages: Because it conforms to the existing consumption behavior and payment network-credit card, this payment method saves the process of letting consumers develop new consumption habits, and people can use this mobile payment method just like swiping a credit card.

● Disadvantages: Users need to buy a card reader, about one or two hundred yuan.

Credit card payment is more acceptable because it conforms to consumers' existing payment habits, especially for some consumers who are used to credit card consumption and worried about safety. According to the industry forecast, this mobile payment method will have a good development prospect.

pay on application

The use of APP payment on smart phones is accompanied by smart phones represented by iPhone, which benefits from the app usage habits of i-Phone. In the iOS6 operating system released by Apple, there is a new application Pass-book, which can help users manage all kinds of electronic tickets, including boarding passes, membership cards, ball tickets, gift certificates and coupons, directly replacing those physical plastic cards. At the same time, Passbook can provide consumers with mobile payment function after being certified by Apple.

● Advantages: The application payment method conforms to consumers' usage habits of various applications and incites the future of the mobile payment market.

● Disadvantages: It is not an easy task for users who just start using smart phones to integrate such a complex open solution into APP applications and cultivate users' habit of using this solution.

However, with the rapid rise of mobile devices such as smart phones and tablet computers, mobile applications show explosive development. Apple's iOS platform alone has more than 650,000 applications. Through mobile applications, people can not only meet all kinds of entertainment needs in daily life, but also make their lives and work more efficient. According to the industry forecast, under this behavior habit, application payment is likely to become one of the main forms of payment in the future.