This is really cool. Trailing along the likes of PayPal’s simple model of sending or receiving money to anyone with an email address, a new service called TextPayMe is taking it to the next level, by launching a new secure mobile payment solution. Yes, text message your payment to someone. Definitely different, but in the evolving world of mobile commerce, this is a model that could be quite effective. The company is even promoting a page prompting users to sign up to buy and sell on Craigslist using the service.
“In public beta phase of testing, TextPayMe allows users to send money via text messaging. To deliver a payment, a user simply enters the amount he or she wishes to send and the recipient’s cell phone number (or personal alias) — the transaction is instantaneous.”