Asia Business Consulting

From Information to Strategic Knowledge by Asia Business Consulting ( What kind of jewels can you find in the news. And how great it is to have a company that fully uses those to support its primary research and consult your company strategically to really improve your business. This blog supports your business already. For more, talk to us - Asia Business Consulting. A better way to do business.

Thursday, September 22, 2005

Credit card functions in mobile phones - a dream come through?

In Malaysia, a company called Mobile Money International Sdn Bhd has developed a mobile or virtual credit card concept. With this "Consumers can make payments at the counter by giving to the merchant a number provided to them in their mobile phones.

“For remote payments, payment requests with details will be relayed to the consumer through the phone. A buyer merely has to reply with the PIN to make the payment,” according to their Managing Director.

Overall, a concept that many foresaw since the event of the Internet and the improvement if mobile phones. If it is possible will be seen, of course, but then, it is not a world's first. As far as I remember (but I might be wrong), a similar concept is in use in Japan, with DoCoMo.

(By Asia Business Consulting)