Mobile commerce was a term coined in 1997 for services similar to e-commerce but available on a mobile device like cell phones, tablets, and PDAs. Mobile Commerce is gaining momentum fast in this era of smartphones. Now, the customer does not have to depend on even a computer for his shopping needs. A large number of online stores offering a variety of products and services is always in his pocket and readily accessible.

Mobile commerce is hugely popular in today’s world, especially among the young generation who are the most tech savvy and open minded to new and revolutionary ways of consumerism. Not only this, mobile commerce finds its application in a number of utility services. One of the important implementation of this system is mobile money transfer. It is the procedure of money transfer using mobile phones. It is a safe, secure and sure way of monetary transactions. Mobile money services are introduced for the unbanked section of the society, and it has gained popularity across the world. It provides for efficient and convenient ways to manage currency distribution networks. Features such as Mobile ATM, Mobile Banking, and Mobile Payment are convenient and time-saving.