The mobile blogosphere is buzzing with the news that PayPal is preparing to offer mobile services using text messaging — news the bloggers picked up ahead of the official announcement.

CNN Money describes the expect rollout in an article today . The report includes:

SAN FRANCISCO (Reuters) - Online payment company PayPal is preparing to offer a service for consumers to make purchases or money transfers using simple text messaging via mobile phones, the company said.

The move by PayPal, a unit of online auctioneer eBay Inc. (Research), marks a big step in bridging the worlds of e-commerce and the physical world of brick and mortar stores by giving consumers a pay as you go option via phones, analysts said.

The service, known as PayPal Mobile, will be launched in the next couple of weeks in the United States, Canada and Britain. Other markets worldwide will follow for the world’s biggest online payments service. . . .

Word of the service had leaked out earlier Wednesday when bloggers found links to test pages on PayPal’s Web site describing it. Over time, the company may look to extend the service to the more than 55 countries and regions where PayPal is registered to transfer funds online, Bettencourt said. However, she stressed that PayPal has no specific plans to do so yet.

The mobile blogosphere is buzzing with the news that PayPal is preparing to offer mobile services using text messaging — news the bloggers picked up ahead of the official announcement.
CNN Money describes the expect rollout in an article today . The report includes:
SAN FRANCISCO (Reuters) - Online payment company PayPal is preparing to offer [...]