Coming soon in Mexico: Pay stores and taxis with your mobile phone

Mexico’s big banks such as Citigroup and BBV and mobile operators such as Telefonica (NYSE: TEF) and Iusacell are trialing mobile payments in the country. According to The Washington Post, this partnership between telcos and banks will allow Mexicans to pay for small purchases such as restaurant meals and taxi rides using their mobile phones in the near future.

Users will be able to have their bank link their account to their mobile phone number so they can make payments to participating stores, restaurants and taxis by sending an SMS. This is so ultra useful, and I’m looking forward to see this happening in other countries, too.

[Via: textually.org]