Global Electronic Technology and Mobillcash team on m-payments

Source: Global Electronic Technology

Global Electronic Technology (GET), a leading technology provider of payment processing solutions, today announced it has partnered with Mobillcash, the world's leader in mobile payments.

GET's merchants will now have the ability to increase sales revenue from customers with only a mobile phone.

GET's history of taking the extra step to offer quality, innovative payment solutions for its customers now includes the ability to accept payments from several hundred million mobile phone subscribers around the globe. Technical integration is finished, and GET's customers will have the opportunity to accept mobile payments beginning this month.

"World firsts are becoming the norm for Mobillcash. We are excited to have Global Electronic Technology, Inc. be the first payment processor in the United States to integrate Mobillcash with their innovative line of easy- to- use payment services. For more than a decade, GET has been a leading payment processor with innovative and technologically advanced payment solutions and they've proved it yet again. With Mobillcash, their merchants will be increasing revenues without taking away from existing payment options and creating a whole new generation of customers with only mobile phones," says Glyn Smith, CEO of Mobillcash.

Easy Mobile Payments
With Mobillcash, it's easy for a customer to pay via his mobile phone. The customer simply inputs his mobile phone number on the website and a few moments later receives a text message to confirm the payment. The transaction goes through immediately, and the customer is billed by his mobile phone company. No forms, membership registrations, personal or financial IDs are required of the customer.

M-commerce beyond E-commerce
Paying via mobile phones is common within the online gaming and downloadable services. Mobillcash is a payment option available to over 80% of all pay applications on Facebook. Market research company, Jupiter Research, predicts 612 million mobile phone users will generate more than $587 billion worth of financial transactions in 2011. With 700 million online users and more than 3.3 billion mobile phone users, it's hard to find anyone online without a mobile phone.

"GET has great confidence in its Mobillcash partnership as we continue to offer our clients the best payment solutions in the world. The ability to direct bill to the mobile user's bill provides another avenue for merchants to provide an easy form of payment to consumers in markets where credit card issuance is low and/or emerging. After all, almost everyone in the world has a cell phone." said Steven H. Bryson, CEO and Founder of Global Electronic Technology, Inc.

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