Almost a decade ago we all might have heard about the smartcard and it’s role in the financial sector, especially for retail transaction. Smart card provides a special security when Compare to normal money transaction. But it’s implementation in the case of Retail payments has not been so popular. But it found really useful in the area of transit payments and personal identification. M-commerce is a new field, extended from the combination of electronic commerce and emerging wireless and mobile networks. With M-commerce customers get new opportunities for their business from any location at any time. Mobile application transforms the mobile phone into a mobile wallet with digital cash supporting both anonymity and security. In this article we suggest a new strategy to support m-commerce transaction which provides fully anonymity with security for mobile users. In this paper we are trying to reach evaluate the use of smart card and it’s importance in the financial transaction.