News Articles

Thursday, May 5, 2011

DigiMo promises 'true mobile payment solution'

Mobile payment system provider DigiMo has announced a new platform that provides what it describes as “the first true mobile payment solution”.

The service can be offered by online companies, credit card providers or mobile operators. Consumers would simply register for the service online, providing their mobile phone number and payment details. They’d then be given a PIN to use when paying at participating retailers.

DigiMo’s technology requires no hardware or software modification, neither at either the Point of Sale nor on the mobile device itself. It’ll work on feature phones and smartphones.

Yossi Yarkoni, CEO of DigiMo, said “Over the past decade, numerous attempts have been made to launch a wide-scale mobile payments service. Up to now, no agreement existed regarding the technological standards and business model, due to heavy investments associated with the implementation. We’ve avoided this by developing an independent system that works at virtually any point-of-sale, replacing cash and credit cards with mobile handsets.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 7320

Tags: payments israel digimo

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement