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Sunday, June 24, 2007
Three Types of Ideas
Paul Buchheit writes:
Danal and Mobile Payments
WSJ writes: "In South Korea, Danal's popular service lets people charge such items, as well as tangible goods like books or cosmetics, directly to their mobile-phone bills using an authentication code they punch into their personal computer. They receive the code as a text message on their phone when they are ready to buy something online. There is no need to install special software on the phones. In heavily wired Korea, 70% of all digital content -- valued at more than $1 billion last year -- is charged directly to cellphone bills instead of traditional credit cards, the company says." In India, mchek, in which I have an investment, is also working in the mobile payments space.
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