Cyclelogic offering m-payment solutions in Latin America

<a href=www.mobilecommerceworld.com>mobilecommerceworld.com 16/06/2003 Miami-based wireless data solutions enabler CycleLogic is rolling out m-payment solutions across Latin America this year in a bid to help operators promote greater use of SMS applications.

According to BNAmerica, mobile subscribers can pay their carrier electronically by simply sending a password-encoded SMS request to the operator, which already has the user's debit card information encoded.

The m-payment service - which is geared to debit cardholders since only 4 percent of Latin Americans have credit cards - is already on trial in Colombia and Venezuela, and will be launched in Brazil in about two weeks.