“Online payment company PayPal said it was preparing to offer a service for consumers to make purchases or money transfers through text messages via cell phones.
Known as PayPal Mobile, the service will be launched in the next couple of weeks in the United States, Canada and Britain. Over time, PayPal Mobile may extend to the more than 55 countries and regions where PayPal is registered to transfer funds online.
Customers will be able to send payments over the phone via text message or by calling an automated customer service system and using voice commands. Offering options to transfer funds by phone to nearly anyone they choose, PayPal Mobile in effect turns a cell phone into electronic wallet.”
Read more at Mobiledia.
It sounds like a good idea. Anything that makes my physical wallet smaller is a good thing.