"Online payment company PayPal said on Wednesday it was preparing to offer a service for consumers to make purchases or money transfers using simple text messaging via mobile phones," reports Reuters.
"The service, known as PayPal Mobile, will be launched in the next couple of weeks in the United States, Canada and Britain. Other markets worldwide will follow for the world's biggest online payments service."
See this page
The PayPal site says: "Send money conveniently to friends and family. Instead of mailing a check, send money by phone." It's not just for buying things on eBay.
As Reuters notes, news of the service leaked out "when bloggers found links to test pages on PayPal's Web site describing it."
