Direct Carrier/bank Co-operation
In the T-Cash model the mobile phone and the phone carrier is the front end interface to the consumers. The consumer can purchase goods, transfer money to a peer, cash-out, and cash-in. A 'mini wallet' account can be opened as simply as entering *700# on the mobile phone, presumably by depositing money at a participating local merchant and the mobile phone number. Presumably other transactions are similarly accomplished by entering special codes and the phone number of the other party on the consumer's mobile phone.
Read more about this topic: Mobile Payment
Famous quotes containing the words direct, carrier and/or bank:
“England and France, Spain and Portugal, Gold Coast and Slave Coast, all front on this private sea; but no bark from them has ventured out of sight of land, though it is without doubt the direct way to India.”
—Henry David Thoreau (1817–1862)
“The problems of society will also be the problems of the predominant language of that society. It is the carrier of its perceptions, its attitudes, and its goals, for through it, the speakers absorb entrenched attitudes. The guilt of English then must be recognized and appreciated before its continued use can be advocated.”
—Njabulo Ndebele (b. 1948)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)