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In the era of globalization the distributed systems are enablers for any kinds of commerce for the ease of the transactions. The system of mobile payment has its own history, technology used and associated pros and cons. The book provides an extensive details on the history and evolution of the mobile payment systems. The word money is mostly associated by us as the cash in the form of coins and banknotes. Cash is associated with money as it is current assets that is used as a legal tender and is accepted as a reserve for making payments. Nevertheless the basic definition of money has changed in the way of how it is perceive in the course of time. The familiar names such as bank deposits and banknotes or paper money are relatively modern in terms of inventions.