Friday, February 20, 2004

Yahoo launches money service

Erwin Boogert just reffered me to where an article and further explanation can be found on the PayDirect money service offered by Yahoo, in collaboration with HSBC Bank. Essentially it is a money transfer service, rather than web-payment. Thus, Yahoo aims to get a slice of the global remittances market estimated to be $US140 billion ($189 billion) to $US200 billion dollars a year.