PayPal, the world's largest supplier of online payment services, is preparing to offer a service for consumers to make purchases or money transfers using simple text messaging via mobile telephones, the company said on Wednesday.
The service, known as PayPal Mobile, will be launched in the next couple of weeks in the United States, Canada and Britain, a spokeswoman said. Other markets world-wide will follow.
"PayPal is going to be launching a mobile payments product," PayPal spokeswoman Sara Bettencourt told Reuters.
Word of the service had leaked out when bloggers found links to test pages on PayPal describing it.
Over time, the company may look to extend the service to the more than 55 countries and regions where PayPal is registered to transfer funds online, Bettencourt said. However, she stressed that PayPal has no specific plans yet to do so.
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