Opinionated comments on mobile phone industry news
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Wednesday, March 21, 2007
Mobile payments the easy way
Belgium eyes world first with text message payments describes a new mobile payment service that uses simple SMS for confirming the order and the payment. The only security measure mentioned is a secret code entered in the SMS, yet it seems that's considered safe enough. I wonder how and why.
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Not a world first. I am sure that there is a text based payment system in India which has teamed up with Citicorp and so will have some coverage. There may be one in Kenya as well.
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