For years people in the Philippines have been leading the way when it comes to using SMS in their everyday lives. Others have built services on top of that, and sometimes I just do not understand why we don't see similar services throughout Europe and the US. Payment by SMS for instance is a service I once saw working at a major Dutch bank, but unfortunately it has never seen a market introduction. If they can do it in the Philippines, why not here?
"The two operators have prospered in part by introducing services that make money transfers by text easier. Customers of both Smart and Globe can load up their phones with electronic funds they can use for both phoning and shopping. When they shop in a store, they pay by sending a text message that transfers the credit to a retailer's account."