Belgium eyes world first with text message payments
AFP, March, 2007
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BRUSSELS (AFP) — Belgium's nearly 10 million mobile phone users could soon use text messages to pay for everything from a taxi ride to a pizza in what organisers of the new system describe as a "world first."
"No other country has developed an equivalent system," said Vincent Roland, the chief executive of Belgian firm Banksys, which is developing and will run the service.
"In some countries, it's possible to pay for a soda or parking with a text message, but those are less secure solutions for the user and have fewer payment guarantees for the seller," he said.
When the service is launched in mid May, users will need a bank account in Belgium and a mobile phone subscription for one of the three Belgian networks: Proximus, Mobistar and Base.
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A trader or service provider sends a request for payment in a text message to the ...
