By Jon Van
September 3, 2007
People use mobile phones to take photos, play music and send text messages, and maybe soon to send money to relatives abroad.
That's the goal of a start-up company based in Rolling Meadows called aKos Technology Corp. and its founder, Daniel Csoka. By next summer, customers in the U.S. should be sending millions of dollars to Mexico via their cell phones, Csoka said.
He envisions "a virtual Western Union" for those who don't have bank accounts. Today, people Csoka calls "the unbanked" have few choices in sending money beyond going to a Western Union outlet and paying cash that will be wired abroad for the recipient to pick up. These transactions typically come with hefty fees, he said. [Read more]
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