This post on PCWorld highlights how MasterCard's new MoneySend application will allow iPad and iPhone users to send and receive money using the phone or tablet. For the time-being, the application will only work in the US and payments can range from paying a babysitter to paying back loans.
In order for MoneySend to work it has to be linked to a compatible prepaid account and users will also need a mobile phone number. There are a lot of opportunities in the mobile money space and it seems like companies are finally starting to understand this concept. Looking forward to seeing what else is in store for mobile users!
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