Mobile Payment

LINK handles many different kinds of Mobile Payment. Today the most common method for handling this is Premium Rate SMS. Premium Rate means that you pay for Goods and Services through your regular phone bill. This means that the telephone companies are payment intermediaries. We have the deals in place already to get you started charging this way.

However, with today’s developments of handsets the possibilities are endless. Just in the last few months we’ve seen dozens of new startups take advantage of new opportunities in this field. First and foremost there’s 3 different developments:

• Credit Card solutions where you shop with your cell phone but use different kinds of credit card applications. Credit card companies today often want 3d secure and secure code solutions implemented for greater safety, that places a strain on these solutions when it comes to mobile viability, this strain inevitably means less conversion.
• Invoicing solutions where you buy using mobile but through different solutions get an invoice sent to you electronically or through the regular mail.
• As a direct development and improvement of premium rate Telia (the biggest Telco in the Nordics) has just launched the mobile wallet which means that a SMS, just like with premium rate but with a more generous revenue share, will allow you to charge Goods and Services to your bank account or a credit card of choice. A prerequisite for this is that you register for this service.