Thursday, July 10, 2003

Rabobank introduces virtual wallet...

De reports that Rabobank will introduce a virtual wallet for payments using the Internet and the mobile phone. It is meant for small value payments (between 1 and 10 euro) and aims at the market for payments of games and ringtones etc.

In its introduction plan, the virtual wallet very much looks like a copy of the Way2Pay initiative. First internet-payments and then mobile. So it looks as if the market for small payments starts moving once again.