Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

21Dec/11

Mopay Introduces Broadband Billing

By Martin Schuppelius

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Earlier today, mobile payment service provider mopay announced to extent its product range into broadband billing. The new billing method enables online merchants to charge purchases directly to consumers’ Internet service provider (ISP) accounts. The French cable companies Orange and SFR were among the first to offer mopay to their customers.

Mopay, part of the MindMatics group, provides mobile payment solutions for online merchants in more than 80 countries across the globe. Integrating a broadband billing service, the company now enables consumers to charge purchases through almost any communications account. To pay via the new billing method, consumers have to select their ISP and log into their existing account. The amount of the transaction will then be billed directly to the consumer’s ISP account.

Ingo Lippert, CEO of MindMatics AG, commented: “With the prevalence and surging growth of online purchases, merchants are looking for ways to offer to consumers the easiest possible check-out. At the same time, consumers are demanding purchasing options other than credit cards and standard wallets. At mopay, we are constantly looking for new payment methods that help meet the needs of both merchants and consumers. The very positive effect of adding mopay’s broadband billing solution to an existing mobile payments offer is just the latest example of our commitment to providing world-class service and products.”