——Mobile Payments——
Mobile Payments are payments that can be deducted from one’s’ mobile phone credit. These services are operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, one can use a mobile phone to pay for a wide range of services and digital or hard goods.
Participants should differentiate between Mobile Payments and Mobile Banking which is being able to access one’s own mobile account and manage it through a mobile app or a digital service by the bank.