PayPal’s interest in a cell phone service has been anticipated by industry watchers, as the U.S. wireless industry tests the idea of one day turning the cell phone into an “m-wallet” to replace cash, credit cards, and even apartment keys.More details can be read over at Red Herring.
While U.S. consumers and wireless operators have been eyeing the m-wallet and pilot-testing various systems, Japanese wireless operators like NTT DoCoMo have already run successful services that use the phone for a credit card, ATM card, apartment key, and train ticket.
PayPal debuts PayPal Mobile

Earlier this week PayPal has officially unveiled its new PayPal Mobile service, which enables users to pay via their mobile phones.
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