Mobile commerce is gaining increasing acceptance. The need for mobility is a pri-
mary driving force behind mobile banking, mobile entertainment and mobile mar-
keting, and is supported by an ever increasing convergence of computers and mo-
bile telecommunication devices. This article examines the conceptual background
and existing regulatory framework of this relatively new business field, in order to
provide a systematic and comprehensive understanding of m-commerce, including
its utility for both consumers and service-providers, so as to make them aware of the
new business opportunities arising out of this convergence