Mexicans to use cell phones to pay stores taxis

Mexicans to use cell phones to pay stores, taxis

Users will be able to have their bank link their savings account to their telephone

Tuesday, August 26, 2008

Email This

Print This

Comments

RSS

MEXICO CITY: Mexicans will soon be able to pay for small purchases such as restaurant meals and taxi rides using their mobile telephones, the country's banks said on Monday.

Telephone operators Telefonica SA and Iusacell are teaming up with big banks such as Citigroup Inc and BBVA to launch the service, marketed at first toward technology savvy teenagers and expected to debut over the next few months.

Cell phone users will be able to have their bank link their savings account to their telephone so they can make payments to participating stores, restaurants and taxis by sending a text message, Roberto Rodriguez, in charge of the service, said at a news conference.

Most big banks are participating in the service, but Latin American mobile giant America Movil's Telcel, which accounts for more than two-thirds of Mexico's mobile telephones, has yet to sign up.

Using phones to buy items such as train tickets or products in vending machines is commonplace in Japan, but the trend has yet to catch on in the United States.

n
©Reuters

Email This

Print This

Comments

RSS

Identity & Access Management

Strike a balance between employee efficiency and network solution with TAM Single Sign-On. Download the Demo now.

Download

	Make a life with software lifecycle
	NSA: Network security & performance
	Strong Business needs Green Intelligence

	Motorola : Good Mobile Messaging
	Smart Enterprises = Smart CIOs
	TAM : Freedom from password management

	Complete identity and access management
	How to fix web application security and compliance issues

	HP Business Availability Center
	Transforming Business
	Aligning IT and Business