Cnet's news.com today announced that PayPal is to launch mobile payments. The service will go live in US and other key countries in the next couple of weeks.
And it looks good enough to finally get mobile payments going. For the last decade any number of start-ups, banks, software companies and telco's have tried to make mobile payments/mobile wallets work. They have all largely failed.
PayPal's offering looks set to change that. And the reason is simple. Over 100M people have PayPal accounts worldwide and are used to making online payments through them. They trust PayPal with their money.
The shift to using your phone rather than your PC to access your PayPal account (you will only have one whether you make PC or phone payments) is small and one that many of their users should be happy doing. You can make payments by texting or calling a central number.
So, once and for all we may have an alternative to cash - our mobile phones. So, check out PayPal - for this service we buy into and it may even help the other holy grail of the mobile world make some strides - mobile commerce!
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