Monday, 16 March 2009

Virgin Mobile adds Paymo mobile payment platform - USA

Virgin Mobile has partnered with Paymo to introduce mobile payments to its operations. The agreement will allow Virgin Mobile customers to use their handsets to make online purchases (wherever they see the Paymo logo) instead of paying by more traditional methods such as debit or credit card.

Paul McGuire, Founder and Chief Executive Officer of Paymo commented: “Merchant and consumer demand for Paymo is exploding around the world because this is the payment solution the online world has been waiting for. Online games, social networks and virtual worlds are driving the transition to a new business model based on free-to-play and virtual goods. These new multi-billion dollar revenue streams can only exist with the right payments network. Paymo is that solution and is already enabling merchants around the world to turn this multi-billion dollar potential into real revenue."

The Virgin Mobile announcement comes as T-Mobile and AT&T also declared that they would introduce the Paymo mobile payment platform to their networks. Paymo is now active in over 45 markets around the globe.