Now your mobile phone will be more than just a phone. Five major mobile phone firms in the UK have switched on a payment system that turns handsets into digital wallets. The service is called PayForIt and is designed for those buying goods and services with a value of up to 10. The mobile industry in the UK hopes it will be used to pay for ringtones, train tickets, parking fees and eventually as a payment system on web shops and sites.(Read on for details...)News
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