Mobile commerce applications involve using a mobile phone to carry out financial transactions. This usually means making a The transfer of money, or other agreed upon medium... for A merchandise or materials which are used to satis... or transferring funds electronically. Transferring money between accounts and paying for purchases are Also written as e-commerce. Conducting business el... applications. An emerging application, electronic commerce has been facilitated by developments in other areas in the mobile world, such as dual slot phones and other smarter terminals, and more standardized protocols which allow greater interactivity and therefore, more sophisticated service.