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Home Tech Global Mobile Payment Firm Fortumo & E-Commerce Platform Payelp Partner to Replace the Credit Card With Mobile Payments

Global Mobile Payment Firm Fortumo & E-Commerce Platform Payelp Partner to Replace the Credit Card With Mobile Payments

by Sam Wakoba
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Fortumo-Logo-628x353Global business and payments platform Payelp Global has partnered with Fortumo, a  “one-click” mobile payments firm used by merchants in 79 countries worldwide Europe, China and India, Latin America, Middle East, Africa, Central and Eastern Europe and Asia.

The deal will make it possible for Payelp’s merchants to receive payments via mobile operator billing as a payment solution to their end-users instead of credit cards or cash. The digital goods and services specialist, which is part of a global payment platform that processes more than 500,000 transactions per minute, offers payment and business development services to merchants in over 74 countries worldwide.

According to Fortumo CEO Rain Rannu, “Mobile payments bring the biggest revenue to merchants from countries where few people have credit cards – Central & Eastern Europe, Latin America, Africa and Asia.  Our common expertise in emerging markets with Payelp will help more merchants earn additional revenue through operator billing.”

Fortumo, claims over 100,000 developers to have signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft. The firm was also the first to create a self-service setup and instant activation for operator billing, making it easy for developer to set up, get approved and go live with mobile payments within 30 minutes from just anywhere in the world.

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This is what Payelp needed. Albert Donahue, CEO of Payelp Global says the deal will help them and Fortumo to expand into emerging regions and areas where mobile payments are growing at a rapid rate especially in Africa where the mobile payment market is outperforming traditional banking and is steadily becoming the primary payment method in B2C e-commerce.

See the press release below

E-Commerce Platform Payelp Expands Mobile Coverage for Merchants by Partnering with Fortumo

Worldwide Mobile Payment Provider Fortumo and E-Commerce/Business Development Platform Payelp Global Partner to Offer Instant Mobile Payment Services to Merchants 

Los Angeles, CA- January 7, 2014

International business and payment platform Payelp Global announced its partnership and integration with Fortumo, which offers merchants “one-click” mobile payments in 79 countries worldwide.

Fortumo, which has offices in the U.S. (San Francisco), Europe, China and India, not only offers mobile payments in the U.S. and Europe, but focuses on emerging regions and “hard-to-monetize” regions such as Latin America, Middle East, Africa, Central and Eastern Europe and Asia. Over 100,000 developers have already signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft.

Fortumo was the first to create a self-service setup and instant activation for operator billing, enabling any developer regardless of size or location to set up, get approved and go live with mobile payments within 30 minutes.

The partnership between Payelp and Fortumo will enable Payelp’s merchants to offer operator billing as a payment solution to their end-users; rather than charging purchases to a credit card, users can pay with their mobile operator bill instead. Fortumo’s service works especially well in emerging regions and other cash-based regions where the use of credit cards is limited.

Payelp, which is part of a global payment platform that processes more than 500,000 transactions per minute, offers payment and business development services to merchants in over 74 countries worldwide. Payelp specializes in digital goods and services, but also works with non-digital merchants as well. The company is able to offer merchants all around the world a unique service and valuable expertise that comes with having a worldwide payment network with multiple offices around the world.

Fortumo CEO Rain Rannu stated “Mobile payments bring the biggest revenue to merchants from countries where few people have credit cards – Central & Eastern Europe, Latin America, Africa and Asia.  Our common expertise in emerging markets with Payelp will help more merchants earn additional revenue through operator billing.”

Albert Donahue, CEO of Payelp Global, stated, “We are always looking for additional payment options to offer our merchants and other global partners, and we are very happy to be working with Fortumo as they are a rapidly growing mobile payment service company that will help our merchants, as well as Fortumo’s, to expand into emerging regions and areas where mobile payments are growing at a rapid rate. In Canada, as well as in Eastern and Central Europe, mobile payments are on the rise; In Africa, the mobile payment market is outperforming traditional banking, especially in countries like Uganda and Kenya, where mobile payments are the primary payment method in B2C e-commerce. Fortumo has a strong presence in these growing markets, and we are looking forward to our partnership together.”

About Payelp Global:
Payelp helps online retailers and businesses grow e-commerce revenue worldwide, offering merchants over 300 payment gateways worldwide with just one contract with Payelp. Online retailers can accept credit cards, PayPal, direct debit, Virtual Visa (Qiwi Virtual Visa™), payments from kiosks, cash transfer, prepaid and gift cards, mobile payments and more- with one low fee per transaction. Payelp doesn’t charge merchants start-up fees, monthly or minimum transaction fees- just one low transaction fee, with PCI-DSS card security compliance, fraud and chargeback protection, 24/7 multilingual merchant and customer support, payment data analytics, as well as a suite of auxiliary services such as business licensing, tax and currency management, logistics, web site localization and marketing, and more.

For payment providers, Payelp offers the Global Service Gateway™, the only product of its kind- offering payment companies and merchants the ability to connect with thousands of other payment gateways, offer platforms, mobile operators, merchants and more- with two-way integration, all through one gateway (GSG™). Contact Payelp Global today for more information or to apply for a merchant account at [email protected] or visit us online at www.payelp.com.

About Fortumo:
Founded in 2007, Fortumo is the most developer-friendly mobile payments provider, enabling app and game developers to easily monetize users via micro-payments. Users pay with their mobile phone and purchases are charged to their mobile phone bill. Fortumo mobile payments are cross-platform on desktop, in mobile web and HTML5 apps – and are great for in-app purchases on Android, Windows Phone and Windows 8 devices. Fortumo has payment connectivity to over 300 mobile operators in 80 countries, including a number of exclusive direct carrier billing partnerships. Fortumo is backed by Intel Capital and Greycroft Partners and has offices in Estonia, San Francisco, Beijing and New Delhi. Fortumo is the only mobile payment provider with a self-service setup and no monthly fees or minimum volume commitments – any developer, regardless of size and location can sign up for an account and get started with mobile payments at http://fortumo.com.

 

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