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Regulatory Framework of Mobile Commerce

Regulatory Framework of Mobile Commerce

Jyoti Batra Arora
Copyright: © 2016 |Pages: 17
ISBN13: 9781522502364|ISBN10: 152250236X|EISBN13: 9781522502371
DOI: 10.4018/978-1-5225-0236-4.ch009
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MLA

Arora, Jyoti Batra. "Regulatory Framework of Mobile Commerce." Securing Transactions and Payment Systems for M-Commerce, edited by Sushila Madan and Jyoti Batra Arora, IGI Global, 2016, pp. 176-192. https://doi.org/10.4018/978-1-5225-0236-4.ch009

APA

Arora, J. B. (2016). Regulatory Framework of Mobile Commerce. In S. Madan & J. Arora (Eds.), Securing Transactions and Payment Systems for M-Commerce (pp. 176-192). IGI Global. https://doi.org/10.4018/978-1-5225-0236-4.ch009

Chicago

Arora, Jyoti Batra. "Regulatory Framework of Mobile Commerce." In Securing Transactions and Payment Systems for M-Commerce, edited by Sushila Madan and Jyoti Batra Arora, 176-192. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0236-4.ch009

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Abstract

Mobile commerce has given a new definition to wireless payment methods. It is new emerging technique which requires security at the top priority. Users are not still confident in using this technology. The proper infrastructure and support from government is required to deal with mobile commerce which can be achieved by developing fundamental regulatory framework. Regulatory framework described the technological and legal regulations to ensure the security in transaction in mobile commerce. It helps to deal with security related problem, financial issues and other legal issues that cause a hurdle in making mobile payment. A clearly defined regulatory framework is also required to enhance the customers' confidence and increase acceptance of mobile payment in their daily life. The cooperation and information sharing between telecommunication regulator, mobile service provider, and mobile operator and banking regulator is required to make a successful and efficient working regulatory framework.

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