| Transfer money through your cell phone |
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2007-06-30, 7:47:13 Paypal Mobile seems like one of the best ideas in a long time—and it's something that people in developing countries pioneered. This service lets you wire money to friends, companies, charities—anyone with a bank account—just by sending a text message. How many times have you been at dinner with people and it's a pain to sort out the change for the bill, or someone shows up with not enough cash and they have to run to the ATM? This Guardian article talks about how a Kenyan company got a program like this started, a little before Paypal did, I think. But as the news article notes (in the correction at the start of the article) the first to do it were two companies in the Philippines. |