BBC News – Payments by text message service to launch in UK in spring 2014

UK mobile users will be able to send and receive money by sharing only their phone number by spring 2014, the Payments Council has said.

Account owners will be asked by their banks if they want to opt-in to a database that will allow the sending of money by text message.

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Its launch will bring the UK up to speed with technology long in use in the developing world.

via BBC News – Payments by text message service to launch in UK in spring 2014.

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