***BUK** RG Mobile communication devices serve myriad purposes and have become a daily part of our lives, offering convenience and adaptability. Cell phones and smartphones also come with the ability to administer commercial applications such as mobile airline ticket purchases, m-commerce as it is known has gained popularity with companies making use of it to reach out to their customers. Digital products like games, ringtones and other graphic products enjoy high levels of mobile transactions particularly among the youth, and this has succeeded in shifting the parameters of all visual entertainment and product-service distribution on a global scale. Mobile internet banking is one aspect that is experiencing an increase in popularity levels, despite some nagging security issues in some instances. Emerging markets seem to be the ideal answer for prolonging incomes as APRU average prices per unit plummet, but experts point out that the rapid commercialization of innovative 3G services is capable of creating new opportunities in developed economies. Breakthrough mobile applications crafted by handset manufacturers such as Sony Ericsson, HTC, Nokia, Motorolla and Samsung are enhancing m-commerce functions at an astonishing rate, and analysts say profitability for handset vendors and carriers relies on high end mobile devices and the accompanying premium applications. Mobile phones can be used to purchase tickets, which the user presents at the venue entrance, this system allows bookings and cancellation on the mobile device utilizing simple application downloads or through WAP portal of agents or directly through relevant service providers. Users for mobile ticketing for ball parks, train stations and airports among others, can remotely secure parking spots. Loyalty cards, coupons and vouchers can be obtained through mobile ticketing technology, as it permits the sending of a virtual token presentable at a point of sale. Coupons are sent to a user utilizing location based services when in particular physical proximity like store premises. The pros of mobile transactions include privacy friendly data, extraction of consumer trends, environment friendly and resources saving efficacy, economies of scale and rapid delivery. The innovative combination of mobile phones, MP3 players and video players into one killer device adds a new and useful dimension in the purchase and delivery of full length video and music clips And if further advances in mobile technology comes to 4G level, it will reduce download time of full length movies to a mere couple of seconds anywhere and anytime. Another range of services that can benefit from m-commerce are traffic data and information, financial records, news services, stock data and sports results. Stock market services have not been left out in the m-commerce craze as these services have become popular, and are referred as mobile brokerage, enabling timeous response to market activities, while mobile reverse auction solutions (low bid auctions) allow the phone user to place bids charged to the phone.