News: BOKU acquires Paymo and Mobillcash businesses. Global mobile payments service gains funding, team and tech. More...
![]() |
![]() |
|
WHAT IS PAYMO MOBILE PAYMENT OVERVIEW The new online economy of social networks, online games and virtual goods require a new payment solution. The key drivers of this new economy are young consumers around the world who often lack a credit card or bank account. This new generation wants an online payment method that meets their needs — simple and fast without the requirement to share personal information. 700 Million Online Consumers Have No Credit Cards Today there are 700 million internet users without a credit card. For these new online consumers, traditional payment methods do not work. For online merchants, converting those internet users to customers has been difficult if not impossible. The Mobile Phone Payment Solution For both the consumer and the merchant in this new online economy, the mobile phone is the solution. Worldwide, three billion consumers have a phone in their pocket. And for the first time, with Paymo, a global mobile payments network is available that makes everyone one of those mobile phone users a potential customer. Now millions of mobile phone users can participate in the online world as consumers and not simply observers, while merchants can generate new revenues from consumers they previously were unable to reach. |
|
|||||||||||||||