When a group of people dine out together, someone always lacks cash. They forgot to go to the ATM, but they'll pay you back ASAP. Right.
Funny, though, how people rarely forget their cell phones. Philip Yuen put these two observations together and came up with TextPayMe to let people send money using text messaging.
Link.
This is a great invention. I've noticed that people who like to use the cell phone seem to be constantly short on money. Maybe it's because young people tend to be short on cash more than older people and young people are proficient cell phone users. Either way, this new payment system could be great.
