24 May 2018
https://aciworldwide.webex.com

Mopay enters Indian carrier billing market

19 May 2014  |  1612 views  |  0 Source: mopay

Mopay, a global leader in innovative payment solutions for online merchants announced its entry into the Indian market with an HTML5 in-app billing solution.

The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its award -winning direct carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States.

By mid-2014, 185 million users in India will have Internet-enabled devices, growing 20 percent on a quarter-on-quarter basis. While the penetration rate is increasing rapidly, the user experience with mobile transactions is still very traditional and relies on sending premium text messages to a short code within the messaging app. mopay wants to drastically improve this cumbersome payment process via an HTML5 browser interface, which is ideal for in-app payments. A direct billing interface that supports 75% of the Indian carrier landscape enables a frictionless mobile payment experience in line with western standards. Even if the carrier network is unavailable, mopay's solution still works if the device is connected to a WiFi network.

Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services. Consequently smart phone sales have skyrocketed and triggered the demand for both free- and paid-content services, such as games, music, video, and community memberships. Direct carrier billing is the logical answer to the growing need for fast and easy payment, and it has put mopay's solution at the forefront of the growing transaction business with digital content.

Ingo Lippert, CEO of mopay, comments, "India's mobile phone market is the world's second-largest after China in numbers of customers. The demand for digital content is enormous, but only mopay's latest generation of direct carrier billing will be able to unlock the full commercial potential. Our merchant base has always been eager to proactively enter the market. I think we can safely say the time is now." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.webex.comVisit www.niceactimize.com

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
10419 views comments | 16 tweets | 28 linkedin
satelliteAnt Financial provides tech for China Ever...
10363 views comments | 1 tweets | 2 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
9095 views comments | 6 tweets | 5 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
7948 views comments | 18 tweets | 22 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7759 views comments | 8 tweets | 6 linkedin

Featured job

Find your next job