-
![[1] MacDonald's cashier with electronic payment option](http://www.calvin-c.com/media/2010/07/IMG_0609-150x150.jpg "[1] MacDonald's cashier with electronic payment option")
- [1] MacDonald’s cashier with electronic payment option
![[1] MacDonald's cashier with electronic payment option](http://www.calvin-c.com/media/2010/07/IMG_0609.jpg "[1] MacDonald's cashier with electronic payment option")
-
![[2] Electronic payment sensor](http://www.calvin-c.com/media/2010/07/IMG_0608-150x150.jpg "[2] Electronic payment sensor")
- [2] Electronic payment sensor
![[2] Electronic payment sensor](http://www.calvin-c.com/media/2010/07/IMG_0608.jpg "[2] Electronic payment sensor")
-
![[3] My idea of electronic payment using mobile phone](http://www.calvin-c.com/media/2010/07/Mobile-Payment-Fastfood-150x150.jpg "[3] My idea of electronic payment using mobile phone")
- [3] My idea of electronic payment using mobile phone
![[3] My idea of electronic payment using mobile phone](http://www.calvin-c.com/media/2010/07/Mobile-Payment-Fastfood.jpg "[3] My idea of electronic payment using mobile phone")
It is obvious that the mobile payment system will be big and ubiquitous in the future. However, the current trend of convenient electronic payment is still focusing on proprietary RFID/near-field chips, so it is really difficult to truly get 100% penetration unless one giant company rules them all, makes hugh investment and implements such system in national/international basis. Example of such payment system includes OCTOPUS, SUICA, WAON [1][2], VISA chip card technology, just to name a few.
However, my vision of true mobile payment system is based on mobile phone. Here is one example in picture [3]:
- You order a drink at cashier
- The staff will enter your order
- An order identifier (in form of QR Code) will show on the screen. You use your mobile phone to scan the code
- Confirm the payment
- Transaction complete. You can now take your drink and enjoy!
Of course I made a lot of assumptions here.
- For instance, I assume that mobile Internet will be extremely reliable and always available.
- Also, the phone must have such payment system built-in or be able to run an App to do so.
- Internet security must be good so financial institute would trust such system to work, and honor the money transaction.
However, these assumptions are not too far fetch. Technology grows exponentially. Just imagine 5 years ago what our mobile phone could do, and what it can do right now. I feel comfortable to bet that mobile internet in the (near) future will become much faster, cheaper and reliable, thus such mobile payment system will be doable.
This mobile payment idea was originally inspired by Mobio, and here is the post about it earlier this year. I will continue to refine my idea and post updates on my blog.
Related posts:
- Mobile payment with Mobio
- Mobile Payment Update
- Local Map in Train Station with Mobile Phone “Touch Download”
- Flashcode in Paris – Bus Route and Advertisement
- Mobile Billboard Truck and QR-code
