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High Tech News

Belgium Launches Mobile Payment Service

Wednesday, March 21, 2007 10:40:07 AM
By AOIFE WHITE

BRUSSELS, Belgium (AP) - Bills, bills, bills — You can't get away from them if you're a Belgian mobile phone user.

People can now make payments from anywhere — even if the check is lost in the mail — under a secure payment software, called m-banxafe, developed by payment card operator Banksys and the country's three mobile phone operators, Base, Mobistar and Proximus.

Customers receive an invoice by text message and confirm the payment using a secret code. To use the system, they need a Belgian bank account and a subscriber identity module, or SIM, card that will support the payment software.


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