Page 278 - (DK) The Business Book
P. 278
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E-COMMERCE IS
BECOMING MOBILE
COMMERCE
M-COMMERCE
IN CONTEXT
FOCUS Buying and selling
Mobile commerce on the Internet …but so has the market
for web-enabled
(e-commerce) has
KEY DATES smartphones.
grown enormously…
1983 US inventor Charles
Walton patents the first radio
frequency identification (RFID)
device, paving the way for
m-commerce and near field
communication (NFC).
1997 The first m-commerce
transaction takes place in E-commerce is The Internet is now
Helsinki, Finland, with the becoming mobile accessed by mobile
installation of two Coca-Cola commerce. devices more often than
by desktop devices.
vending machines that accept
payment via SMS.
1999 The first national
commercial platforms for
m-commerce are launched:
he term e-commerce M-commerce works in a similar
i-Mode in Japan and Smart
(electronic commerce) way to e-commerce, with websites
Money in the Philippines.
T refers to all buying and and apps adapted or originated for
2007 Nokia launches its first selling done on the Internet. mobile and handheld devices. It can
commercial NFC-enabled M-commerce (mobile commerce) also include direct carrier billing,
cell phone. specifically involves transactions when purchases can be added to a
that are made through a mobile cell-phone bill. Another function is
2011 The Google Wallet app telecommunications network. tap-to-pay, where a customer
enables stored credit card These transactions can range from makes payments using a mobile
data to be used for purchases the small, such as making an eBay device that has been installed
via a cell phone. purchase, to the potentially huge, with credit card information via
such as trading stocks and shares. a program such as Google Wallet.
