M & A Rainmaker

According to a recent article in The Register ( see link below ) shoppers in Poundbury Dorset and elsewhere in the country are not going to need credit cards any more – just their mobile phones.

PayPal have created a very glitzy video

PayPal:The Future of Shopping in Poundbury

that shows how people bump their phones together to transfer money; scan in images from promotional posters to get credits and pay for goods via pdq machines using just a phone number and a pin.

Now, leaving aside the technology here, I worry about using PayPal because I ( and many other people who commented on the Register post ) have had a lot of problems with PayPal as it is at the moment.

Leaving that aside the idea itself looks good.

http://www.theregister.co.uk/2011/09/15/paypals_big_plan/