Now that everything and anything is done on a person’s smartphone, more and more businesses are slowly shifting their focus from brick and mortar stores to online stores, from cash and credit card transactions to online payment systems. One of the growing modes of payment is mobile billing. Here we have gathered the 5 most popular mobile billing systems.
Zong was one of the largest mobile billing companies today. It was founded in 2008 and bought by eBay in 2011. However, it quietly stopped operations in 2015. Visiting their website redirects the user to PayPal. When it was still up, it operated in 40 countries and served 30 million customers. It served companies like Facebook and Habbo. The user could upgrade to Zong+ to link his credit card for mobile payments. Quite a few companies are using the service, among then websites like phonebill casinos.
Zong was quite easy to use. When you made online purchases, the user had to look for the Zong logo and enter his mobile phone number. A PIN was sent to the mobile number for verification and the user just needed to enter the PIN to finalize the transaction.
Founded in 2009 and headquartered in San Francisco, California, it serves customers worldwide. It is linked to more than 170 phone carriers all over the world and is involved in more than 50 different markets. Apple Inc., Google Play Store, Sony PlayStation Store, Windows Store, Facebook, and Spotify are just some of their partners-clients. They also work with digital game companies and leading payment service providers.
Boku employs a two-step authentication process for transactions. It has a reputation of offering tight online security comparable to banks.
Text2Pay was founded in 2011 and has headquarters in New York. It operates in more than 50 countries around the globe and is linked with 95% of phone carriers worldwide.
It also uses a two-step authentication process for transactions. They collaborate with merchants in order to offer reasonable rates to customers when using their service. They also have Tap2Pay, which is an in-app payment product for Android.
ImpulsePay covers the UK and all UK mobile networks and serves an estimated 70 million UK mobile phone users. It has dashboards for merchants and consumers alike to monitor transactions. Also, the beauty of it is that it does not need any pre-registration. ImpulsePay detects the mobile number of the user which allows for seamless and fast transactions
To process a transaction, a PIN has to be sent or a message has to be sent to a given number. In transacting, the mobile user can confirm the transaction without reloading the page.
Founded in 2007, Fortumo is supported by over 350 mobile phone networks in over 70 countries. They aim to make transactions as simple as possible so users do not need to register to use the service. Fortumo has worked with merchants to have the Fortumo system included in the options under modes of payment so the user does not have to leave the app to complete the transaction.