Micropayments made the headlines 24 months ago – but nothing really came of it. Now OneBip is trying to reshape the market by turning the mobile phone into a micropayment solution or mobile credit card for the youth of today.
The service is optimized for payments that are under GBP 5 or those that credit card companies tend to avoid. Users sign up via the website www.onebip.com. Then if they see merchants that take OneBip payments they can pay directly via the mobile phone bill and the pre-paid credit.
Micropayments are essential in the youth market where phone credit eats up into the majority of children’s pocket money. This micro-payment service will allow youth to make purchases via their phone and save them having to carry cash around. Also they can use money in an emergency that is already locked into the mobile phone.
As long as there are strict controls that youth can’t purchase cigarettes with this service or anything illegal – it is a winner.