Abstract: A mobile payment system and method are disclosed. A message is generated by, and received from, a first mobile device. The message includes a payment code, an amount of a payment, and a receiver designator representing a receiver of the payment. A confirmation message is then from the receiver of the payment. An amount of the payment and a fee is debited from a first account associated with the first mobile device. A second account associated with the receiver of the payment the amount of the payment is then credited. The message, and transaction, is a text message.