Recently, Visa and Nokia connected together in Malaysia to launch "the world's
first" credit card payment system that allows consumers to purchase
goods using their mobile phones.
The Mobile Visa Wave Payment Pilot, which is
another move forward toward the fabled electronic wallet, uses the
Visa Wave smart card technology to send payment information into a
reader.
Just yesterday I got an invitation from PayPal to set up my mobile phone to send/receive payments through their system. It was very easy to set up in my account. Once there, it asked if it could verify the information by calling my cellphone. I accepted the verification option and it immediately called my cell. I then followed the voice prompts and it led me through security information for future transactions.
Super easy! I haven't used it to pay for anything yet but it's certainly a step toward future payments. I wonder how many are comfortable enough to use the service.
