in the media: Money transfer using Cellphone networks

F.T- reports that an agreement reached by the association of cellphone operators and money transfer giant Western Union (NYSE:WU) would give the ability to up to 80% of the world population to transfer money from the convenience of their mobile handsets.
More people in African markets have access to a cellphone than they do a laptop or a PC. Add to that highly reliable connectivity offered by the mobile phone networks and the chance of seeing a viable manner to conduct financial transaction without a Paypal( NASDAQ:EBAY) or credit card payment system, are soon to become a reality for African traders and consumers.

Visualize being able to pay your bills,the taxi driver, your bar tab,make a purchase online but sending the money to the number provided on the site if you do not have a credit/ATM card.All of this should be possible in the near future.