05 June 2008 16:51pm
We just launched a new mobile payment solution called PayMo and we are looking for beta testers, to which we offer the service for free! More info on www.paymo.net.
The results, after 18 months of work, are - a new business model, a new consumer brand and a new way to pay, called PayMo.
For merchants our service is revolutionary. For consumers it will feel comfortably familiar, being based on SMS and Premium SMS interactions.
PayMo is a universally available one-click mobile payment solution which can help Merchants achieve dramatically increased revenues with fewer chargebacks :
•Generate net new revenues Reach 3 billion consumers (incl. youth and emerging markets) Monetize digital content and services leveraging the global availability of Premium SMS
•Greatly increase browse-to-buy conversion One-click payment button for web & mobile internet Fewer charge-backs (consumer must confirm each transaction)
•Transaction costs that can match credit / debit cards Often more attractive for micropayments Option to pass transaction costs to the consumer (offsetting carrier %) . The PayMo business model is analogous to Visa and MasterCard – in other words PayMo is a payment mechanism that will sit alongside credit and debit cards and can be delivered by your existing credit / debit card supplier or payment service provider.
If you are interested to try it our for free, send me an email to tony . jamous (@) mtnglobal . com or register on www.paymo.net.
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