today the dutch RABO bank introduced a system that enables persons with a (dutch) mobile phone to pay money to each other with sms. 

The system works like this. 

everybody with a (dutch) mobile phone can open a "digital wallet" and put money on it from his or her bank account.  

if you want to make a payment, send an sms with the amount of money and the mobile number to pay to to the RABO bank (which controls the "digital wallets"), and the bank send you a conformation sms with a code, by return..

Mobile payment & identification

·      one-time payment

o   Authorization by bank PIN-code

·      prepaid credit -> customer identification

o   Many customer cards integrated to your account (SIM-card + ID + PIN)

§  E.g. gym, public transport, library cards…

·      technically e.g. solution based on bluetooth technology (+ internet/3G)

Benefits

·      Location and time based relevant information and marketing

o   Possibility to push market and relevant information to your phone 

o   E.g. when you enter ..