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Sending Money Via Mobile Phones
from the send-money-now dept
While there's been a lot of talk lately about various mobile payment systems like DoCoMo's FeLiCa (which is similar to Moneta in Korea, Dexit in Canada, and Speedpass in the US among others) it looks like the Korea Financial Telecommunications & Clearings Institute is trying a slightly different approach, where users will be able to send money to anyone just by knowing their mobile phone number. This isn't just for mobile-to-mobile payments, but for any payment, so that someone doesn't have to reveal their bank account info. In many ways it's similar to PayPal, but instead of using an email address, you can pay to a mobile phone number. Of course, if I remember correctly, this was actually PayPal's original plan... to let people easily transfer cash between PDAs.
Reader Comments
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Prostitution Paradise
Now schoolgirls can make thousands with their "part time jobs".
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Re: Prostitution Paradise
Tahes a sexy tool to promote new uses.
In 1978 "teletext" on TV failed,
now I have it via 'SetTopBox Digital decoder"
Electronic cash failed on PCs,
may succeed on cell phones,
why?
just because its sexy
Giordano Bruno
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nice
Couple this with Destructive Mobile Phone Virus and it makes ones wonder if anyone learned anything from MS and mistakes with Windows security.
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Re: nice
The details on that are important... it wasn't a mobile phone virus, as the story makes it out, but copy protection gone wrong. The goal was to add a fee for those who copied the game.
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negative "payments"
What happens if the amount is negative? Can you transfer money from someone else's account to yourself?
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We already have it
Go, select "Payments" and then "Mobile payments" for an overview.
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