SingTel and mopay Sign Strategic Agreement
mopay announced today an agreement with one of Asia’s leading carriers, SingTel. The agreement will allow SingTel customers to make purchases with mopay’s carrier billing solution conveniently through their mobile phones.
“We are thrilled to have entered into a long-term collaboration with one of Asia’s leading carrier groups. The agreement will allow our merchant base to directly serve SingTel mobile customers, and it marks an important milestone in our Asian strategy.”
The SingTel agreement is another important step in mopays Asia expansion, which follows the opening of four offices in the region. Through the integration, mopay will allow its merchant base to attract new consumers in the region who have very few means of payment available. The use of mobile phones is widespread, and the use of mobile payment is increasing rapidly, which makes the collaboration a clear win-win situation for all parties. SingTel has been fully embracing the mobile payment opportunity and has worked with mopay to allow carrier billing for purchases from its network of high-quality digital merchant partners. SingTel plans to extend this payment process to carriers within the group including Optus (Australia), Telkomcel (Indonesia), AIS (Thailand), and Globe (Philippines).
The mopay payment process is very simple: consumers select mopay when purchasing a digital or virtual item online. Once the phone number has been provided and the user is authenticated, the purchased amount will be billed to the user’s SingTel postpaid account. No registration or further information needs to be provided in order to successfully complete the transaction. This simplicity drives conversion rates and makes mobile carrier billing one of the most important payment channels in the Asian region.
Ingo Lippert, CEO of mopay, comments, “We are thrilled to have entered into a long-term collaboration with one of Asia’s leading carrier groups. The agreement will allow our merchant base to directly serve SingTel mobile customers, and it marks an important milestone in our Asian strategy.”
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