Australian startup mHITS hopes to revolutionise the way micro-payments are made in Australia, allowing customers to make payments by simply sending a text message. You can draw upon a range of funding sources including BPAY, PayPal, Credit Card, Bank Transfer and even other mHITS members to make your payments. To make a transaction, consumers send a specially formatted text message to 0428 MY MHIT and the recipient will instantly receive the money.
Small businesses and retail outlets can also experience a range of benefits, including smaller ordering and payment lines, integration with most point of sale systems and the ability for regular customers to order items such as coffees throughout the day from their desks so they can walk in and pick it up straight away.