Mot had a deal with an 'undisclosed' bank a while back. If this company is serious about releasing successful apps, this is the type of future development it should have nailed. Mobile Phones will replace our credit cards within 2 years.
Commonwealth Bank has released details of its new peer-to-peer mobile payment app to be launched via iTunes in the coming months. Commbank Kaching will allow users to make instant payments and transfers using a phone’s contacts and email addresses. It will also allow payments to be made via a user’s Facebook friends.