mFoundry and PayPal have inked a deal with Sprint to offer person-to-person mobile payments. The service from Sprint, called MyMoneyManager, lets PayPal users and Sprint subscribers send money to other persons who have an email address or mobile phone number. When a person receives money they get a message or voicemail to let them know they received funds. To access the funds, however, the person must have a PayPal account.
Sprint's MyMoneyManager is available on some 18 phone models from four manufacturers, including LG, Motorola, Samsung, and Sanyo. Phones must be Java-enabled and support https with 128-bit encryption. The service soft-launched at the end of March, but is now officially available.
For more on the service:
- read about mFoundry in today's Fierce 15 awards [1]
- read this article [2] from Digital Transactions
Related Articles:
PayPal launches mobile checkout [3].
mFoundry teams with Verizon Wireless on m-banking [4].
Links:
[1] http://www.fiercewireless.com/special-reports/mfoundry-top-wireless-company-2008-fiercewireless-fierce-15
[2] http://www.digitaltransactions.net/newsstory.cfm?newsid=1754
[3] http://www.fiercewireless.com/press-releases/press-release-paypal-mobile-checkout-opens-business
[4] http://www.fiercemobilecontent.com/story/mfoundry-teams-with-verizon-on-m-banking/2007-05-15