Acquired by Boku
Details
Industries MobileMobile PaymentsPaymentsDiversity Spotlight (US Headquarters Only) Women FoundedHeadquarters Regions San Francisco Bay Area, West Coast, Western US Closed Date 2009 Founded Date 2007 Founders James Goodsall, Margaret Mackenzie, Paul McGuire Operating Status Closed Last Funding Type Seed
Company Type For Profit
Contact Email info@paymo.com
Paymo is a mobile payments network that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is currently available in more than 50 markets around the globe, enabling mobile payments to over 1.5 billion consumers in Europe, North and South America, the Middle East, Africa and Asia.
For merchants — Paymo
increases revenues, allowing hundreds of millions of new customers who do not have or do not want to use a credit card to buy products and services online. Paymo handles all the user billing, provides a simple electronic confirmation of the purchase and settles in the merchant's chosen currency. Paymo's conversion rates are up to 10X better than traditional payments.
For consumers — Paymo provides an easy, fast and safe way to pay online. A customer doesn't need a credit card or a bank account, and they don't need to register. Simply by entering a mobile phone number and replying to a text message, a user can make a purchase. The charges are deducted from a pre-paid balance or appear on a monthly cell phone bill.
Lists Featuring This Company
M&A Details
Transaction Name Paymo acquired by BokuAcquired by BokuAnnounced Date Jun 2009