My 2.2 cents (GST Inc.)

It is a real prick when your opinions are taxed. Australia least powerful political blog. (Plus any other crap I want to talk about.)

Tuesday, February 08, 2005

The New Petty Cash Cards: The Mobile Phone

I was sitting at work the other day, reading the industry rag "Traffic and Parking". This is a delightful read if one is extremely lonely and needs to go to sleep (One of my co-workers described it as the opposite of porn). Anyway, it had an article about the new parking meters in North Sydney where you can pay for your parking by using your mobile phone. I thought this was actually pretty cool. This goes along with these new drink machines where you send a text message to get a drink.
For years credit card companies have been trying to create away of creating a system to replace small cash transactions. It looks as if all those pretty cash cards are not really going to take hold. Instead, the not-so-humble mobile phone is set to become a credit card for small scale purchases. Thus mobile phone companies are set to be moving into the same market place that Visa, Mastercard and Amex are to be found. This I feel is something that I don't think has been discussed much in the general public.


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