The market acceptance for mobile payment is growing rapidly across the world. A growing majority of key retailers are accepting digital payments as mPayments has clearly moved beyond niche status. Many aspects of the mobile payments ecosystem are evolving including what people buy, how purchases are made, what devices are used, how purchases are funded, how merchants or producers are monetized, and even the identity of sellers and buyers. In addition, the global trend towards a "Cashless Society" is driving the need for convenient payment solutions.