The new funding is set to be used to develop the company’s products as well as to set the foundation for carrying out strategic acquisitions in order to complement the PaymentOne’s suite of payment gateway services.
PaymentOne’s PhoneBill service allows merchants to have their consumers charge fees to landline, broadband and/or mobile phone bills, providing the firmer with access to over 220 million consumers with mobile, broadband and landline accounts. The company’s clients have generated incremental revenue worth USD 3 billion over the past 36 months by using PaymentOne’s ‘no credit card required’ alternative payment channels.
PaymentOne clients have generated over $3 billion dollars of incremental revenue in the last 36 months by using the companys compelling no credit card required alternatives. The company manages a network of over 1000 telecommunication/broadband providers, mobile operators and content partners.
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