Posted on 12-DEC-2005 16:23.
| Filed under: News
: Mobile.
TextPayMe allows users to send money using the popular SMS (text messaging) service. Users can send a payment simply by entering the recipient's cell phone number or alias and the amount they wish to send. The transaction is instantaneous.
TextPayMe has developed a secure solution that works with virtually all mobile phones across all major carriers in the United States. Users do not have to install any applications to start using TextPayMe.
With TextPayMe, users can make a payment using nothing but their cell phone.
The service is currently available in public beta for all mobile phone users in the United States.
TextPayMe looks like a copy of the SimPay system that flopped in Europe. I've seen another system from a company called Sapphire that's like the really successful, all-SMS-based system used in the Philippines. The company's management includes a OSS KDE guy and one of the founders of the original MAC ATM network. They're launching soon; I'll post when I hear that they're up.
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