10:52 AM
Mopay Rolls Out Mobile Payments That Bypass Banks
Mopay, a provider of mobile payment solutions, today announced Mopay Call, a solution that lets online merchants bill purchases directly to consumers’ land line phone accounts. The company intends its billing solutions to enable the unbanked to pay for goods and services.
The Mopay Call payment process is this: After selecting Mopay call during an online check-out process, Mopay’s payment screen will prompt the consumer to authorize the purchase through a short, automated call. After authorization, Mopay places the charge to the land line phone account and the purchase is completed. The charge later appears on the consumer’s phone bill along with voice charges. mopay call does not require any registration and is available to all consumers who have access to a land line phone.
Germany-based Travian Games, a long-time mopay customer, is among the first to extend its payment options with mopay call. Travian operates in more than 50 countries and its games are played by over 5.2 million active gamers worldwide.
“When we integrated the mopay platform several years ago, we were able to monetize a uniquely new target group – the unbanked and underserved,” said Florian Bohn, CEO at Travian Games. “Historically, mopay has had a major impact on our revenue stream and we are already seeing significant contributions from Mopay Call. The commitment and dedication to innovation that is inherent at mopay affirms our decision to partner with this experienced industry leader for cutting-edge payment solutions.”