March 21, 2007
Belgians to start paying with cell phones
Begians will be able to use their cell phones as debit cards within a few months, Belgian cell phone operators and Banksys, a Belgian firm specialized in electronic payments, said on Tuesday. Reuters Canada reports.
" Using text messaging, the payment system will allow consumers to pay anything from six euros up to the limit of their bank account, Banksys Chief Executive Vincent Roland told a news conference.
Consumers will pay 0.25 euros ($0.33) per transaction and sellers 0.49 euros.
In most countries, banks and mobile operators are still testing different technologies to introduce cell phone payment systems. The text message-based system used in Belgium has relatively large communications cost which makes it unsuitable for small transactions."
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