Text cheques to pay bills

Mobile payment technology firm Upaid has launched 'Text cheque', a service that enables merchants to collect bill payments via mobile phones, reports Vnunet.

"The service is designed for collection of any type of bill payment, whether for utilities, telecoms, store or credit cards.

The customer's bill arrives by post with the balance to be paid or minimum payment where appropriate. The customer then receives a payment request text before the due date and replies by SMS with a short password to confirm the payment.

The merchant collecting the bill payments collects the cash from the customer's bank account or credit/debit card."

emily | 4:00 PM | SMS and Banking |
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