Comparison Between Online Trading V/S Offline Trading

Topics: Mobile phone, Personal digital assistant, Electronic commerce Pages: 12 (3438 words) Published: December 30, 2011

1.1 Introduction

M-commerce is also known as Mobile Commerce which is another form of wireless E-commerce. As M-commerce is "the delivery of electronic commerce capabilities directly into the hands, anywhere, via wireless technology" and "putting a retail outlet in the customer's hands anywhere." This can be done with just a mobile phone, a PDA connected to a mobile phone or even a portable PC connected to a mobile phone. The term M-Commerce is all about wireless E-Commerce that is where mobile devices are used to do business on the internet either in B2B or B2C market.

1.2 Definition of M-Commerce

Mobile Commerce is any transaction, involving the transfer of ownership or rights to use goods and services, which is initiated and/or completed by using mobile access to computer-mediated networks with the help of an electronic device.


Mobile Commerce is the use of information technologies and communication technologies for the purpose of mobile integration of different value chains an business processes, and for the purpose of management of business relationships

As there are two area in M-Commerce which are relevant to the security

• Network Technologies: As the network technologies which are used in the M-Commerce are wireless systems and basic service and existing network technology like 2G (2nd Generation) and 3G (3rd Generation).

• M-Payments: When business is done on the internet related to the goods and services it requires a M-Payment which is done through mobile device in the form of the electronic money which is in the form of software electronic coins, hardware electronics coins and background accounts.

As the security is one of the relevant factor in the M-Commerce which leads it to become more famous in the different customers than E-Commerce.

1.3 History Of M-Commerce

← Mobile commerce was born in 1997 when the first two mobile-phone enabled Coca Cola vending machines were installed in the Helsinki area in Finland. The machines accepted payment via SMS text messages

← In 1997 the first mobile phone banking service was launched in Finland by Merita Bank of Finland.

← In 1998 first sale of digital content as downloads to mobile phone were launched in Finland by Radiolinja.

← In 1999 Two major national commercial platforms for mobile commerce were launched Smart Money In Philippines and  NTT DoCoMo's i-Mode Internet service in Japan

1.4 Mobile Devices used in M-Commerce

• Mobile Phone: A mobile phone is a device which allows us to calls into the public switched telephone system over a radio link. As Mobile phones are used in our today’s life for using the wide variety of services like MMS, SMS, and receiving emails and doing banking activities etc.

• PDA (Personal Digital Assistant): A PDA is a mobile device that functions as a personal information manager. Current PDAs often have the ability to connect to the Internet. A PDA has an electronic visual display, enabling it to include a web browser, but some newer models also have audio capabilities, enabling them to be used as mobile phones or portable media players. Many PDAs can access the Internet, intranets or extranets via Wi-Fi or Wireless Wide Area Networks.

• Smart Phone: A smart phone is a combination of mobile phone and PDA technology into one device. Mostly today all the brands of mobiles have a category of the smart phones and one of the example of smart phone is Apple iPhone 4.

• Laptop: A laptop, also called a notebook is a personal computer for mobile use. A laptop integrates most of the typical components of a desktop computer, including a display, a keyboard, a pointing device and speakers into a single unit. A laptop is powered by mains electricity via an AC adapter, and can be used away from an outlet using a rechargeable battery. And today it also comes with SIM Inbuilt feature for wireless communication at any place....
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