Monday, January 19, 2004

Business case for micropayments..? -> SMS and ringtones

Wired News reports that sales of mobile-phone ring tones, those tiny song recordings programmed into millions of cell phones around the world, jumped 40 percent in the past year to $3.5 billion. The article also notes that ring tones and games still lag well behind basic text messaging, which generated $40 billion last year for mobile phone companies.

So let's get back to an old discussion on micro-payments and the lack of a business case and thus lack of payment solutions. Micropayments and business opportunities are todays reality; they may just haven't arrived come in the Internet-based form and shape that most expected...