PayPal to launch new mobile pay system - HotHardware

PayPal to launch new mobile pay system

Online payment company PayPal has unveiled plans to roll-out a new service that will allow mobile phone users to make purchases and money transfers using a simple text message.

The move by PayPal, which is part of online auction giant eBay, marks a big step in bridging the worlds of e-commerce and the physical world of bricks and mortar stores by giving consumers a pay-as-you-go option via mobile phones.
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