Mobile Payment

What is Mobile Payment?

Mobile Payment is understood as a payment procedure through which end customers pay for products via their mobile phone bill. No registration is required!

Advantages of Mobile Payment:

Conversion: customers use Mobile Payment up to ten times more than credit cards!
According to recent studies¹ end customers are ten times more likely to use Mobile Payment (68% of those asked) than credit cards for payments under 12€ (7.8%).
Coverage: Mobile Payment as alternative to credit cards or Paypal! Almost every potential end customer has a mobile phone – over 4 billion people worldwide. There are only about 1,4 billion credit card owners and roughly 150 million Paypal™ accounts globally. This means that Mobile Payment would clearly reach a wider audience and the rate of payment cancellation, due to lack of available means of payment, would be reduced.
Safe: Mobile Payment as a secure payment method, even for end customers without a bank account!
No bank account needed! Therefore no sensitive bank details have to be given and no 16 digit credit card numbers need to be memorized – a mobile number is all you need.
Easy: the billing procedure is carried out simply and effortlessly through the customer’s mobile phone bill!
All that is needed is the one thing that most people know off by heart – their mobile number. Our close cooperation with network operators enables only billable transactions to be forwarded. Customer billing is carried out by the network operator.
Protection: no chargeback costs and no fraud risk!
As opposed to payment using a credit card, Mobile Payment requires the physical possession of a mobile phone. If a mobile phone is stolen it will be blocked by the network operator and consequently cannot be used to make payments. This practically prevents any possible fraud. And there are no chargeback costs similar to those found with credit cards or direct debit.