PaymentOne Tops $5 Billion in Transactions
Aug. 25, 2011
PaymentOne, a provider of carrier billing solutions for online and mobile commerce, said the company recently surpassed $5 billion in micro-payment transactions and incremental revenue generation for its digital clients. PaymentOne said it enables publishers, application developers and digital merchants to sell more virtual goods, online and mobile services, and recurring digital subscriptions to consumers around the world. “Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online,” said Brad Singer, executive vice president of PaymentOne. “Our vision of enabling all consumers to participate in the digital economy still drives the company today.” According to a July 2011 Juniper Research report, remote mobile phone payments for digital goods alone will exceed $250 billion globally by 2015.