Paymo Overview
Paymo is the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is currently available in more than 50 markets around the globe, enabling mobile payments to over 1.5 billion consumers in Europe, North and South America, the Middle East, Africa and Asia.
For merchants – Paymo dramatically increases revenues, allowing...More»
Paymo is the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is currently available in more than 50 markets around the globe, enabling mobile payments to over 1.5 billion consumers in Europe, North and South America, the Middle East, Africa and Asia.
For merchants – Paymo dramatically increases revenues, allowing hundreds of millions of new customers who do not have or do not want to use a credit card to buy products and services online. Paymo handles all the user billing, provides a simple electronic confirmation of the purchase and settles in the merchant’s chosen currency.
For consumers – Paymo provides an easy, fast and safe way to pay online. You don’t need a credit card, or a bank account. You don’t need to register. Simply by entering your mobile phone number and replying to a text message you can make a purchase.
Paymo was acquired by Boku in 6/09«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 2008 | Seed | 5M | Unknown |
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08/27/2009 07:37PM by kenny
User Opinions
Bulls vs. Bears (2)
| Bullish Opinions (2) | Author/Date | Do you agree? | |
|---|---|---|---|
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The service has global appeal and is already offered in multiple countries |
john 08/01/2008 |
100% 3 votes 3 0% 0 |
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Integration of billing with wireless carrier bill - easy for consumer |
pkim 08/01/2008 |
100% 4 votes 4 0% 0 |
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| Bearish Opinions (0) | ||||
|---|---|---|---|---|
| Be the first to tell us why they are destined to stumble. | ||||
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