Mobile payments market may be ready to explode

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Mobile payments market may be ready to explode

07-12-2006, 02:05 PM,

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regic Offline

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Mobile payments market may be ready to explode

Quote:"Mobile payments will be an exploding market," predicts Kevin Dulsky, senior director at PayPal Mobile...

It isn't short of rivals. Obopay, a startup in Redwood City, Calif., lets you transfer money via a downloadable application on a cell phone and then access that money at any ATM using a special debit card. Obopay scored $10 million in first-round venture funding and has alliances with MasterCard and Cingular.

Redmond-based TextPayMe lets users send a short code along with the recipient's phone number. The sender then receives a call that confirms the transaction. Billmycell users in San Diego can pay cab drivers and purchase e-tickets via cell phones. MyTango, a Menlo Park, Calif., startup backed by Atrium Capital, lets users pay for take-out food with their phones...

full article: http://money.cnn.com/2006/07/10/magazine...erce.biz2/

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