Paymo, An Efficient Model for Merchants ?

In the mobile payments market, we usually see 3 cases (sure it’s changing rapidly), banks providing mobile services, telecommunication firms providing it and cooperation between banks and Telcos. Apart from that, here we have lots of startup mobile service providers and Paymo Inc. is one of them who is targeting 3 billion customers worldwide. They have an appetizing expression for the merchants(internet sites, mobile internet sites,etc.) : “Paymo delivers 3 billion new customers for your business.”

Plus, On July 08, they raised $5 mio from angel investors. Though, the company is pronounced as the first company to provide global micro payments service for online merchants. For me, the main segment Paymo focuses is the merchants than the consumers. These words in Faissal Houhou’s profile, VP Business Development International at Paymo., “Paymo is now focused on solving the needs that merchants have for a global mobile payments solution. For online merchants, PayMo is revolutionary. For consumers it will feel comfortably familiar, being based on SMS and Premium SMS / WAP interactions.”  proves it.

Soon, I d be providing more details about Paymo if I can get some detailed info from the team. By the way, as a consumer I recommend you to try the Demo in the site.

1. Just write your mobile number.

2. Confirm the SMS you received.

3. Here is your product available !

Next : I will be posting about Mpayy…