The solution gives customers direct access to phone credit whilst eradicating the need to buy a top-up card via point of sale. The service is based on USSD technology which does not require users to download additional applications and is compatible with all types of mobile phone. This represents an opportunity for PayPal to leverage its position on the mobile channel.
Security will be handled by G&D through its SmartTrust Mobile Transaction Gateway.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.