Paybox has entered an agreement with multi-currency Internet payment provider, WorldPay, to make its mobile payment system available to an additional 16,000 online retailers worldwide, in addition to 10,000 existing paybox-enabled sites.
Barry Shrier, VP sales & marketing for paybox says that the partnership, which follows a similar agreement signed with WorldPay in Germany, is a significant step forward for the company.
"Through our relationship with WorldPay, we are making mobile payments available to millions of consumers in the UK. Anyone who has a mobile phone and a bank account will be able use paybox on any retailer's site that is powered by WorldPay."
Cambridge-based WorldPay currently claims over 40% of the UK payment online payment market.
Paybox, which is operator and bank neutral, first launched in Germany in 2000 and has since rolled out to Austria, Spain and Sweden followed by the UK in September 2001. Paybox's 750,000 subscribers need only a GSM mobile phone and a bank account to use the service. In Germany, the company accounts for 6.8% of all online shopping.