Internet Banking Essay

Therefore, since U. K. consumers extradite used to browsing and shopping online, there are factors that U. K. alert carriers should overcompensate attention. The factors are to find and collaborate with vigorous craft providers so that they bed boost the M-Commerce traffic and thus, revenue. The potential of conducting expeditious commerce in the U. K. withal bases on the facts that the country has many mobile subscribers. According to International telecommunication Union (2006), U. K. has 61 meg of mobile customers as of January 2006. If 20% of the customers (15 million users) are active subscribers of M-commerce with average spending $100 per month.Therefore, the market for mobile commerce in the UK is $18 billion per year. The condition highlight that mobile commerce is attractive service that mobile service providers like Vodafone moldiness develop by collaborating with merchants and content providers (cp) that build the mobile commerce covers. The evolution of m-comm erce is also backed up by the recent using on 3G (third generation) mobile technology that gives opportunity for subscribers to have faster access to frequent internet via mobile phones and conduct m-commerce transaction.British Telecom, for example, estimates that in 2002 they have to the highest degree 150,000 customers of broadband services that is potential to be the active users of mobile commerce (Verdin, 2002) Recent progress and invention in mobile and wireless technologies has caused the shifting paradigm shift from desktop computers to mobile devices. Recently, it is usual to find consumers utilise their Personal Digital Assistants (PDAs), smart phones, and notebooks that strengthen the facts that business has gone mobile so that the consumers can do all things over wireless gadgets the similar with doing by desktop computer (Intel, 2004).The improvement in mobile devices expertness also attracts customers to buy new phones and new customers segment that also rump teenagers. This condition becomes issues for telecommunication companies and content providers to develop new killing applications at any rate voice communication that will increase the corporate revenue. The new application is data communication that comes in many forms. Concerning data communications, this paper has discussed several(prenominal) issues/challenges and opportunities in UK mobile telephone industry.To be specific, the point of discussion is nigh the development of mobile commerce (M-Commerce) that takes advantages of increasing number of mobile users and the development of computer technology.ReferencesAmerican National Bank. (2001). Internet Banking Features & Benefits. Retrieved December 13, 2007 from http//www. americannationalbank. com/i_features. cfm Arthur D. Little Int. Gmbh. (2001). find Success Factors for M-Commerce. Presentation for Berlecon Research