Western Union Pushes Cell Phone Transfer

Western Union said Thursday it is teaming up with cell phone service providers to develop a system that would allow consumers to transfer money from country to country via their mobile phones.

"... The Denver-based money-transfer company expects to launch its mobile service in the second quarter of 2008. It will connect a cell phone user to a Western Union operator who will complete the transaction using special company software.

Thirty-five cell phone operators that belong to the trade association will participate in the program. The association represents more than 700 mobile phone operators in 218 countries and territories to promote easy use of wireless services."

emily | 8:22 AM | SMS and Banking |
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