24 Feb '12, 5am

Paypal's new rival in offline payments race offers payment through mobile phones with carrier billing

SAN FRANCISCO - PayPal, the online payments company owned by eBay, just got a new rival in the race to develop a mobile payment service that can be used in physical stores. Boku, a big online mobile payments company backed by venture capital firms including Andreessen Horowitz and Benchmark Capital, unveiled a new service today that lets people pay with any mobile phone anywhere credit cards are accepted. Boku already provides carrier billing through about 230 wireless carriers, including AT&T, Vodafone Group and Verizon Communications in more than 60 countries. This service lets people pay with their mobile number and get the transactions charged to their monthly phone bill. Carrier billing is typically limited to smaller online purchases, either through personal computers or within mobile phone apps. Boku's new platform, called Boku Accounts, allows purchases in physical...

Full article: http://www.todayonline.com/TechandDigital/Digital/EDC1202...

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