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Pay-by-phone is coming

1st December 2008

Technology for paying by mobile phone is ready

Mastercard is set to be the first to enable the mobile phone wallet, with a new service that will enable you to pay for goods simply by waving your mobile phone near a shop’s card reader. According to a report in IT Pro the technology is ready and the banks are nearing an agreement with the mobile telecoms companies. Expect to see it within the next 12 months.

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