Mobile Payment and Its Social Impact

Abstract

This chapter describes mobile payment, a mobile financial activity born of digital revolution, which is the combination of electronic money and mobile technology. The underlying technologies of mobile payment, its big players, and its status quo and future trend are discussed. In addition, this chapter discusses how mobile payment is related to social equality and social inclusion. Through presenting the historical, technical, economic, and social aspects of mobile payment, this chapter intends to provide readers with a holistic view of one of the fast-evolving financial activities that are transforming business, individuals, and the society.