3G is the third phase development in the wireless mobile technology based on new network protocols like IMT – 2000, UMTS and W-CDMA. However 3G is not exclusive to mobile technology and can also be used in fixed lines and portable wireless devices like PDAs and laptops.
Based on the standard protocols it is built on, 3G allows high speed connections via devices. As a result 3G capable devices are able to carry features and capabilities like enhanced multimedia functions such as data, video and audio streaming and playback. Users of the 3G mobile technology are able to hold video calls or conferences and share large files. Also 3G mobile technology consumers can download and watch videos from YouTube and other related sites, even television using their handheld 3G capable device. What’s more is that 3G mobile technology is applicable in all popular modes including e-mail, paging, video conferencing and web browsing.
Web browsing using 3G mobile technology can reach speeds of up to 2Mbps. This is much faster than the previous GPRS technology which can only do up to 144kbps. This is because 3G mobile technology acts like an Internet Protocol (IP) on phones and can play the dual role of a Wide Area Network Connection as well as a Local Area Network Connection (LAN).
The introduction of 3G mobile technology into the market has provided the platform for the revolution of the financial market. This is because users can access all the financial data and information they need and carry out transactions using their 3G mobile device.