Mexicans soon will be able to pay for small purchases such as restaurant meals and taxi rides using their mobile telephones, Reuters reports. Telephone operators Telefonica SA and Iusacell are teaming up with big banks such as Citigroup Inc. and BBVA to launch the service, marketed at first toward tech-savvy teenagers and expected to debut over the next few months. Cell phone users will be able to have their bank link their savings account to their telephone so they can make payments to participating stores, restaurants, and taxis by sending a text message, Roberto Rodriguez, in charge of the service,


Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources

  • About the Author:

    eSchool News