PayPal is set to lauch a none-too-surprising service for mobile phones. PayPal mobile will launch within the next two weeks, and will allow users to pay bills and receive funds using a text message interface. The recipient will be notified by PayPal of the transaction and will be instructed how to claim the money.  A spokeswoman said the service would only be available in the US, Canada and Britain at first.

PayPal Mobile will also include a new service called Text to Buy. Advertisements in magazines or posters will include the words Text to Buy and a special code, the site says. Users must set up a PayPal account and activate their phones for the service and then they can send a text to the number from the advertisement to buy the product. PayPal calls the user back to confirm the order and then the product is shipped to the user.