M-Commerce security environment insufficient

“Mobile phone penetration rate in developed countries is, on average, around 91 percent, whereas in developing countries it is 41 percent,” Sadegh Fayyaz-Bakhsh told Irans mobile news agency (Mobna).
He defined Mobile-Commerce as a means of conducting financial transactions through mobile phone.
He believed the countrys present mobile phone penetration rate only allows transactions such as sale of tickets, ring tones or some computer games, but more serious transactions require technical substructures that would provide the necessary security.

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