Submitted by Mike Grenville on Tue, 18 Nov 2008 10:51
The partnership agreement between Sybase 365 and mobile payment solutions paybox will extend mobile payments and mobile money services to customers worldwide.
Financial institutions, mobile operators and merchants will now be able to offer their customers various mobile payment services such as payments for goods and services, money transfer and mobile airtime top-up more easily.
Sybase 365 already offers mobile payments via premium SMS billed and mobile banking services. With this agreement financial institutions, mobile operators and merchants will be able to offer their customers mobile payment services including payments for goods and services, money transfer and mobile airtime top-up.
“paybox and Sybase 365 will offer solutions for mobile payments and person-to-person money transfer targeted at both emerging and developed markets” said Matthew Talbot, vice president, mCommerce, Sybase 365
Eckhard Ortwein, CEO paybox said that “This agreement is a natural progression of where the market is headed and what customers are demanding from their mobile phones. By combining mobile messaging and mobile payments offerings, Sybase 365 and paybox are establishing a global standard for mobile commerce services” he said.
An officially certified GSMA Mobile Money Vendor, paybox covers the entire value proposition for emerging markets where mPayment, mBanking and mCommerce solutions create low cost banking services for the unbanked. paybox is behind the mpass SMS payments with O2 and Vodafone recently launched in Germany and has been selected as a finalist for the ‘CHANGING LIVES AWARD’ at AfricaCom.