You are only what you are when no one is looking - Robert C. Edwards
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NTT DoCoMo sticks cash transfers on mobiles
Nibble
Cash cards are so last year
Wed May 27 2009, 12:34
MOBILE PHONE OUTFIT NTT DoCoMo is to launch a new service enabling cash transfers simply by entering the recipient's mobile phone number.
According to the AP this means that, after applying for an account online, a punter can send money to another DoCoMo subscriber's bank account even if they do not know the recipient's bank details.
The cash gets added onto the users phone bill. A spokesperson for DoCoMo said that cash transfers will be limited to $316 per month for each subscriber initially, but we imagine that the service could also be the beginning of something more interesting. µ
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but the new thing seems to be than you can move money from one phone to another rather than from a phone to a phone-cashier. Like if you could move money from one credit card to another and not just to a card-reader. I guess
We already can pay with your cell phone in Holland for your train tickets... and other things. Why is this so 'amazing'?