Mukund Deshmukh wrote:
The problem is SMS messages can be easily spoofed. So cellphones as a means to do transactions is a bad idea.
does not use sms. Some other mechanism. Spoofing a simcard is not very easy (at least for now). And can be used countrywide for micro purchases,
There are plenty of SIM cloning machines available. After all SIM has bunch of memory location, which can be read, and re programmed on a blank SIM. And this could be reason, why this technology else where in the world.
Illegal SIM cloning is done without the knowledge of the owner. It uses special radio equipment to intercept signals and decode them.