Danal Mobile Payments Simplified
Since cellphones are devices that are capable of broadcasting information and info that are secure in so short a time, finance institutions and telecommunications company have thought of coming up with a convenient way of making payment transactions and that is thru the utilisation of their cell-phones. Cell phones provide an awesome combo which includes the owners identity especially if the phone is an element of a subscription plan ( implying the mobile plan supplier knows the phone owners legal billing address, his place of work, and plenty of other info about him ), and his wallet and with a global subscription reaching as high as 5 bn., phone usage in the payment of bills and the purchase of things physically and online is such a big and open opportunity. This large global mobile phone market is just waiting to be tapped and it has already been. In fact , survey asserts, by the year 2015, mobile transactions will have reached almost 700 billion.
Danal is one of those companies that have advanced into mobile payments. danal mobile payment goal is to permit young people to be in a position to make payments without the utilisation of credit cards and that’s thru the use of their cellular phones. In the following coming months, thru a US subsidiary, Danal will be launching its latest mobile payment product. This mobile payment scheme allows you to buy downloadable music and other digital items and conveniently charge it to your mobile telephone using a unique authentication code.
Aside from Danal, there are a great number of other players in the mobile payment industry that you’ll be seeing in the subsequent couple of months, and some are present here in the mainland. For example, PaymentOne is operational and it allows folk to charge their online purchases to their mobile telephone bills. Obopay from Redwood, California lets people pay one another using their very own mobile phones ( and their immediate goal is to eventually allow folk to bill their purchases to their phone bills just like PaymentOne ). Payoneer and Vivotech are examples of other firms that permit folk to make purchases online using online payments.
Danals US venture has been beefed up by infusion of funds coming from Silicon Valley giant Morgenhaler Ventures and Danals Korean parent firm has added more to make the project successful. Originally named as Danal Co, Ltd, BiiltoMobile is the US undertaking that offers patrons the capability to charge their internet purchases to their mobile telephone bills. The payment scheme has further security features to keep the transactions out of the public eye and away from hacking and theft. Paul Kim is the owner and Boss.
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