Rajesh Jayaraman

PayPal to offer paying by text message

Send $$$: PayPal to offer paying by text message

"...marks a big step in bridging the worlds of e-commerce and the physical world of brick-and-mortar stores by giving consumers a pay-as-you-go option via phones."

This has been a long time coming. The marketplace is bustling with mobile payments startups
- Obopay (still in stealth mode) raised a $10M funding recently.
- Mobilelime raised $4M last year.
- TextPayMe
- Way Systems

The 1000-pound gorilla of internet payments enters the mobile market. Does this mean the m-commerce hype of the '90s is finally coming to fruition?

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