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Paymo Now Live in 52 Countries and Reaches 1.5 Billion Consumers

Posted on: Monday, 4 May 2009, 15:30 CDT

Belgium, Dominican Republic, Germany, India, Poland, Portugal, and Turkey are the newest markets on the Paymo Mobile Payment Network

SAN FRANCISCO, May 4 /PRNewswire/ -- Paymo, the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone, today announced that its mobile payment service is now available in 52 countries around the globe, reaching 1.5 billion consumers and managing transactions across more than 150 carrier networks.

Paymo's simple, secure mobile payment network allows Paymo publishing partners to expand monetization opportunities to every consumer who carries a cell phone, not just the 30 percent of online consumers who carry a credit card. With Paymo, users only need to enter their phone number to initiate a purchase and to confirm the purchase via a text message, and the purchase will be billed directly to their cell phone bill.

"Mobile payments bring new monetization opportunities for online games sites, social networks, and virtual world communities whose games attract a youth audience that isn't likely to be carrying a credit card," said Paul McGuire, CEO of Paymo. "We are also a great solution for the challenging work of monetizing international audiences, which can be less attractive to advertisers and often have lower credit card usage rates than in the US."

Paymo is available in 52 countries including Australia, Canada, Chile, France, Hong Kong, Lebanon, Norway, Russia, Saudi Arabia, South Africa, Spain, Thailand, United Kingdom, USA, Vietnam and more. Consumers can use Paymo wherever they see the Paymo logo online. View a complete list of live countries.

About Paymo

Paymo is the trusted mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. More than 70 percent of the world's online population has no credit card, but over 3 billion consumers own a mobile phone. Paymo opens the world of online commerce to these people, offering them the ability to buy online and pay using their mobile phone. Paymo simplifies and streamlines the e-commerce process for digital items such as virtual goods, online games and applications for social networks and mobile devices. Paymo provides a trusted global payment system for online purchases that is fast, easy and secure. The company is led by executives with deep industry and international experience. The company's payment solution is available globally and is currently live in 52 countries. For more information about Paymo, please visit www.paymo.com.

SOURCE Paymo, Inc.

Source: PR Newswire

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