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.

6 Comments | Leave a Comment..


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  1.  

    Prostitution Paradise

    identicon
    dorpus, Aug 16th, 2004 @ 12:06pm

    Now schoolgirls can make thousands with their "part time jobs".

    reply to this | link to this | view in thread ]

  2.  

    nice

    identicon
    data64, Aug 16th, 2004 @ 1:08pm

    Couple this with Destructive Mobile Phone Virus and it makes ones wonder if anyone learned anything from MS and mistakes with Windows security.

    reply to this | link to this | view in thread ]

  3.  

    Re: nice

    icon
    Mike (profile), Aug 16th, 2004 @ 1:10pm

    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.

    reply to this | link to this | view in thread ]

  4.  

    Re: Prostitution Paradise

    identicon
    giordano bruno, Aug 16th, 2004 @ 6:44pm

    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

    reply to this | link to this | view in thread ]

  5.  

    negative "payments"

    identicon
    aNonMooseCowherd, Aug 16th, 2004 @ 9:34pm

    What happens if the amount is negative? Can you transfer money from someone else's account to yourself?

    reply to this | link to this | view in thread ]

  6.  

    We already have it

    identicon
    Antti, Aug 17th, 2004 @ 2:28am

    Go, select "Payments" and then "Mobile payments" for an overview.

    reply to this | link to this | view in thread ]


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