M-Commerce is essentially financial or business transactions conducted over mobile devices such as cell phones, personal digital assistants (PDAs) and any handheld computers etc.

According to Juniper Research, mobile ticketing (used for ordering tickets for public transportation, car parking, events, etc.) and mobile retail services will assist the global mobile commerce market by generating more than $63 billion worth of revenue by year 2010.

Some of the mobile applications are as follows:

Eat Out, Get Check To Go

New wireless technology could make it quicker to pay your tab by credit card when eating out. Rather than waiting for your server to return with your swiped card and receipt, a new wireless solution embeds a magnetic swipe strip into the payment folder, enabling you to process your transaction right at your table, wirelessly. In the prototype stage now, the gadget would send credit card information into a central processing computer right from a diner's table and cut down on the possibility of charge cards being lost, stolen or copied.

Put Coins In Park

No coins to feed the parking meter? No problem if you’re in Houston, where by summer’s end, people can pay parking meters using their wireless phones, according to Houston’s ABC affiliate KHOU-TV.
Houstonians will call a toll-free number, key in the code on the parking meter and the fee will be charged to a wireless account.
You can add more money on the meter remotely, and the new system will even alert parkers when their meter’s running out of time.

Houston Municipal Court officials say feeding the meter by phone will cost the same as using coins. Sydney, Australia, is the only other city with this type of parking meter, says KHOU. The new system will work across wireless carriers in the Houston area.

The future is filled with such awesome opportunities making us excited & focused on M-Commerce.