The credit card company believes its mobile repayment service could revolutionize how we borrow or lend money to friends and colleagues.

 

This article titled “Visa to launch mobile money transfers” was written by Patrick Collinson, for The Guardian on Friday 30th September 2011 21.58 UTC

Tired of lending a tenner to a colleague at lunch and never getting it back? Visa this week launched a new mobile-to-mobile service where borrowers can repay money instantly to your phone.

The credit card provider says that the service could revolutionise how we borrow or lend small amounts from, and to, each other. There will be no need to tap in sort codes and account numbers. The money can simply be transferred to anybody listed in your mobile phone address book.

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