Thursday, June 16, 2005

Bango, Simpay..How Do We Pay?

Mike Masnick over at The discusses how T-Mobile looks to be quitting Simpay .

Simpay offers merchants and content providers a single common solution, which will allow them access to the customers of all participating operators, without having to worry about different mobile technologies and networks

Almost exactly two years ago, European operators Orange, Telefonica Moviles, T-Mobile and Vodafone decided that their mobile payments consortium.

Last week another mobile billing company Bango decided to go public

Bango enables firms to cash in on selling content via mobile phones and includes The Sun, Camelot, Maxim magazine and Channel 4 among its list of punters.

By paying Bango a monthly fee, end users can then pay for content through their mobile phone bills or credit/debit cards.

Now here's what I'm thinking. What happens when you're able to text to pay or scan your phone to pay for a service/item? Soon there will be a service (introduced by service providers) that will allow you to send a text to a specific number and include the code for payment.

Not long after that, you will be able to wave your cell phone and pay with your credit card that is "built in" already.

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