Mobile Payment Magazine

Paybox

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Paybox Solutions AG (“paybox”) provides mobile payment enterprise solutions. Founded in 1999, Paybox was the first to launch mass-marketable mobile payment solutions in five European markets. In 2005, Paybox was rated by industry experts as having the broadest mobile commerce offering worldwide.

Paybox patented technology has proven technical and operational reliability with high overall service availability. Used by leading global service companies and by over two million end users and 15,000 merchants, Paybox enterprise solutions are deployed across Europe, Latin America and the Middle East.

PAYBOX Services has been present in the e-commerce market since 1999 with its PAYBOX SYSTEM, a virtual electronic payment terminal, specially designed to accept online payments.

A multi-channel solution: E-commerce / Distance selling / Local payments (physical electronic payment terminals)

Apart from e-commerce, PAYBOX Services has developed a secure platform for processing electronic payments from a range of sales channels (call centers, data input centers, WAP or i-mode, interactive voice servers and complex processing on e-commerce sites).

In 2006, PAYBOX Services added processing of payments from physical payment terminals connected via IP (ADSL / GPRS).

PAYBOX Services is now the first “multi-bank” Payment Service Provider to offer a comprehensive approach to processing payments from distance selling, providing a service linked to the whole banking landscape and non-bank card issuers.

More information: Paybox

Global Mobile Payment Market to Reach US$264.8 Billion by 2015

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Mobile payment market gained momentum in the recent years owing to introduction of efficient mobile money transfer services across several markets. Further, the widespread adoption of mobile payments in majority of the markets, especially in Asia-Pacific, and participation of global institutions in NFC (near-field communication) payment trials led to the growth of the market. Given the fact that approximately four billion mobile phone users exist across the globe with numbers increasing at a faster pace, and the figure of bank accounts is approximately pegged at about 1.6 billion, mobile payment attracts huge growth potential.

Asia-Pacific represents the largest market as stated by the new market research report on Mobile Payment (Mobile Money) Market. Rest of world comprising Latin America, the Middle East and Africa represents the fastest growing market for mobile payment (mobile money) in the world. By mobile technology type, SMS Mobile Payment segment predominates the worldwide mobile payment market, while the Near Field Communications (NFC) represents the fastest growing technology type for mobile payment.

Major players profiled in the report include Ericsson, Firethorn Holdings LLC, Harex Infotech Inc., International Business Machines Corporation, mBlox Inc., mFoundry Inc., Mobipay Systems Inc., Netsize Corporate, Nokia Corporation, NTT DOCOMO Inc., Obopay Inc., Paybox Services, Sybase Inc., Verrus Mobile Technologies Inc., and ViVOtech Inc, among others.

The report titled “Mobile Payment (Mobile Money): A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides overview of market, market trends, product overview, product developments/introductions, and recent industry activity. The study analyzes market data and analytics in terms of number of users and value sales for regions including the North America, Europe, Asia-Pacific, and Rest of World. The study also analyzes global market data in terms of value sales for mobile technology type including Near Field Communications (NFC), SMS Mobile Payment, Unstructured Supplementary Service Data (USSD), and Wireless Application Protocol (WAP).

Source: PR Web

Paybox 3rd Generation “Mobiliser” Product Goes Live

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Paybox, a provider of mobile payment enterprise solutions, announced the paybox Mobiliser products, which allow mobile operators and financial service providers worldwide successful market entry into mobile payment and mobile commerce.

In developed markets, paybox — beyond mobile person-to-person payments — enables the creation of open, national standards for any kind of mobile payment. With paybox Mobiliser products, banks and operators in emerging markets can create low cost, financial services for the unbanked.

Eckhard Ortwein, co-founder and CEO states: “The paybox Mobiliser products coupled with our expertise enable customers to rapidly deploy, easily launch, successfully market and efficiently operate m-payment and m-commerce solutions”.

The Austrian operators A1 Vodafone and One have become leading players in m-commerce by creating a national standard based on paybox.

Paybox offers its customers following solutions:

  • paybox TopUp Mobiliser — topping up airtime or other credit accounts via handset, paying electronically or cash-based through a low-cost distribution network.
  • paybox Money Mobiliser — transferring money at home and cross-border, do highly secure online shopping, pay at the POS, pay bills and execute bank services with their mobile phone
  • paybox Brand Mobiliser — allowing companies with premium brands to act as an MVNO or VoIP-Provider
  • paybox Content Mobiliser — enabling end customers to buy content, gamble, shop, park, buy tickets for public transportation or events, pay at vending machines, track fleets

The paybox Mobiliser products are built on the patented paybox Mobiliser platform which has been developed since 1999 covering services required for transaction and payment processing in a mobilised world, namely: Authentication, authorization and reporting.

Source: PRNewswire