PayPal Mobile

PayPal has launched a new service, PayPal Mobile. You can now send and receive PayPal payments, as well as purchase goods and services from your mobile phone.

There are two parts to the service. One is simply the mobile version of the standard Paypal person-to-person payments. This is which can be initiated via SMS or an IVR call, and PayPal then calls back with an IVR prompt asking for a PIN number to confirm the transaction before notifying the recipient.

The second part is called “Text to Buy” – it lets users buy stuff via SMS. Users can send an SMS an item code to PayPal, which then calls back to confirm, then the item is shipped to a user’s home address. PayPal says : “Look for Text to Buy in magazines and newspapers, on TV, billboards, posters, websites, and elsewhere.”

The service is now available in the US and UK, with other countries coming soon.

[ via MobHappy ]

Filed under: Mobile World

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