by Sohail
17. April 2010 13:51
It's just an idea of how to use your mobile phone balance to purchase things online in Pakistan. I have posted my suggestions on ProPakistani blog and below is just a copy.
I know that credit card fraud is really easy in Pakistan and emails are not used seriously. Banking system is not same as in other countries…etc… WHAT IF THERE IS A DIFFERENT SYSTEM…
What if you can do online shopping by using your mobile fone balance. i.e. Users use their PIN number & mobile number to buy things online. Their balance will be transferred into sellers account. Ufone/Warid would deduct some transaction fee from it. And for sellers, let’s say there is a UBANK or Wateen bak to receive money or they can simply get cash from Ufone Outlet.
In this particular case, no one even need to have a credit card or bank account. You basically convert your recharge cards into credit cards. And it help both, buyers and sellers.
Now let’s take an example here. What if you are traveling from Islamabad to lahore and your friends make a plan to watch a movie. You would simply need to browse internet on mobile and purchase tickets using your fone balance.
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Everyone, now please don’t start listing pros and cons of such a system, it just took me 10 minutes to write it down. Obviously if it’s gonna be a real time system then it would need months of planning.
ALSO, I AM NOT SAYING THAT IT WILL BE A PAYPAL REPLACEMENT. BUT IT CAN STILL CONVERT ALL PAKISTANI MOBILE FONE USERS INTO INTERNET SHOPPERS.
I don’t care if some freelancers cannot use such a system to receive money from overseas. To me, it will provide tens of millions of potential customers to online businesses in Pakistan.