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.
