Paymo Adds Top U.S. Mobile Carriers to Growing Mobile Payments Platform, Expands to 45 Markets & 1 Billion Consumers
AT&T, T-Mobile, Virgin Mobile Subscribers Now Have Ability to Charge Online Purchases Directly to their Mobile Bill via Paymo, extending Paymo to 45 Markets Around the World
SAN FRANCISCO, March 10 (AllPayNews.com) -- Paymo, the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone, today announced it has launched its service in the USA and 5 additional markets, bringing the total of covered markets to 45.
From today over 1 billion consumers, including those using AT&T, T-Mobile and Virgin Mobile in the USA, will be able to make online purchases using their phone rather than a credit card or a bank account.
Paymo allows online games sites, social networks, virtual world communities and other online merchants to expand monetization and e-commerce capabilities beyond the 30 percent of online consumers who have a credit card. With Paymo, consumers gain a secure and simplified purchasing experience that only requires them to confirm purchases with a text message rather than entering lengthy credit card numbers, passwords and security codes. In markets where Paymo is already serving online merchants, this simplified purchasing process is leading to purchase completion rates up to five times the success rate of credit cards.
"Merchant and consumer demand for Paymo is exploding around the world because this is the payment solution the online world has been waiting for," said Paul McGuire, founder & CEO of Paymo. "Online games, social networks and virtual worlds are driving the transition to a new business model based on free-to-play and virtual goods. These new multi-billion dollar revenue streams can only exist with the right payments network. Paymo is that solution and is already enabling merchants around the world to turn this multi-billion dollar potential into real revenue."
Paymo is already available in 45 countries including Australia, Canada, Chile, France, Hong Kong, Lebanon, Norway, Russia, Saudi Arabia, South Africa, Spain, Thailand, United Kingdom, USA, Vietnam and more. Consumers can use Paymo wherever they see the Paymo logo online.
Paymo is the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. More than 70 percent of the world's online population has no credit card, but over 3 billion consumers own a mobile phone. Paymo opens the world of online commerce to these people, offering them the ability to buy online and pay using their mobile phone. Paymo simplifies and streamlines the e-commerce process for digital items such as virtual goods, online games and applications for social networks and mobile devices. Paymo provides a trusted global payment system for online purchases that is fast, easy and secure. The company is led by executives with deep industry and international experience. The company's payment solution is available globally and is currently live in more than 45 Markets. For more information about Paymo, please visit www.paymo.com.