PayPal
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From CNET’s CTIA 2006 coverage: PayPal [has] launched a new mobile payment service for cell phones that will enable customers to pay for goods and services or donate to charities by sending PayPal a text message. PayPal will then call the customer back for confirmation before it makes the money transfer. The service sits on top of the mobile infrastructure, so it is compatible with all carriers.
An obvious next step in our increasingly mobile world. Another company, TextPayMe, announced a similar service earlier this year but PayPal is so ubiquitous that I’m sure it will quickly take the lead. We’re definitely getting closer to the concept of the electronic wallet.
[tags]paypal,textpayme,money transfer,electronic wallet,mobile payment service[/tags]