• BOKU Launches, Makes Some Mobile Purchases For Mobile Payments

    Dead simple mobile payments for micro-transactions on the web are slowly gaining traction and a new, well-funded player has entered the growing space. Recently launched mobile payments startup BOKU has acquired competitors Paymo and Mobillcash and raised $13 million in Series A funding from Benchmark Capital, with Khosla Ventures and Index Ventures participating. BOKU did not disclose how… Read More

  • Paymo Strikes Deal With hi5 To Use Mobile Payments For Virtual Goods

    Global mobile payments network Paymo and social network hi5 have partnered to let members in 24 countries use their mobile phones to purchase hi5 Coins, hi5’s virtual currency. Countries where Paymo will be made available to hi5 users include the U.S., Canada, France, Hong Kong, Thailand, Russia and Colombia. Paymo’s mobile payment system doesn’t require users to have a… Read More

  • Mobile Payments Getting Traction On Social Networks, But Fees Are Sky High

    Users are increasingly choosing dead simple SMS mobile payments for micro-transactions on social network applications and gaming sites (it fills the void while they wait for more direct options), but super-high transaction fees are limiting growth. The problem is that legacy transactions – specifically scams that give users a “free” ring tone with the fine print mentioning… Read More