The idea of cashless payment systems is hardly new. Think credit cards, and before those cheques. Think of internet based money systems like PayPal and even your own online bank.
Well, here comes another idea called Beem.
The premise is that you have a wallet on your mobile pone and this contains money. You spend by sending SMS messages. You even create a Beem account by SMS and link it to a direct debit account.
I am fully tuned in to the idea of ...