PaymentOne, a payment and carrier billing solution provider, has
processed $5bn in micro-payment transactions to date.
PaymentOne’s solutions are used digital
merchants such as AOL, Blizzard Entertainment and Gaia Online to
sell virtual goods, online and mobile services, and recurring
digital subscriptions to consumers.
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The carrier billing provider created
frictionless payment in 2000.
PaymentOne’s processing solution of ‘click and
confirm’ places charges on the buyer’s existing mobile phone bill
without requiring any disclosure of credit card
information.
According to a July 2011 Juniper Research
report, remote mobile phone payments for digital goods alone will
exceed $250 billion globally by 2015.
Brad Singer, executive vice president,
PaymentOne said that merchants were not able to reach many
consumers that could not carry out transactions with credit cards
online.
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By GlobalData “Our vision of enabling all consumers to
participate in the digital economy still drives the company today.
For the more than five billion global consumers with a mobile
device, PaymentOne says ‘put your wallet away’ and use your phone
number to pay.”
