Wired News: TextPayMe: Elminating IOU
Another take on the m-commerce thing. Same slow pace of adoption.
Basically, TextPayMe its a virtual wallet created via linking your credit card/bank account. Nothing new here, same system implemented in the Philippines a year or two ago.
I have a feeling something is bound to dominate the m-commerce space. The technology is here. Somebody has to mashup the bits and pieces together.