According to China Retail News, micropayments from mobile phones will be available in Shanghai in 2 months. All you need to do move your phone near a scanner and it automatically reduces the cost of your Big Mac from your SIM account. To recharge, SMS your bank and you're back in business!
Imagine the possibilities: you walk by a Starbucks and you're asked to opt in to a bluetooth coupon that draws you into the store. You pull out your phone, make the order, use the coupon, scan the phone and you're in business. Can Starbucks collect your mobile phone number in the process? It could potentially be a fantastic database entry tool as well.
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