UK: Vodafone does IOU PAYG

Voda UK has announced that it is introducing “Vodafone (NYSE: VOD) IOU” – which is an out-of-credit service for PAYG users.

The idea here is that users who add the IOU service, will get a £2 credit to use when their normal credit runs out – kind of like a reserve tank on a car. Of course, there is a charge for this – and this is 30 pence, the next time the user tops up (plus the £2 they owe).

Interestingly, that IOU can be for voice, text, browsing, or music track downloads – a neat touch.

If you want to read more about the service, click here.

[Via: pocket-lint.co.uk]