Press Release Headlines

E-Commerce Platform Payelp Expands Mobile Coverage for Merchants by Partnering with Fortumo

Worldwide Mobile Payment Provider Fortumo and E-Commerce/Business Development Platform Payelp Global Partner to Offer Instant Mobile Payment Services to Merchants

LOS ANGELES, Jan. 7, 2014 /PRNewswire/ – International business and payment platform Payelp Global announced its partnership and integration with Fortumo, which offers merchants "one-click" mobile payments in 79 countries worldwide.

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Fortumo, which has offices in the U.S. (San Francisco), Europe, China and India, not only offers mobile payments in the U.S. and Europe, but focuses on emerging regions and "hard-to-monetize" regions such as Latin America, Middle East, Africa, Central and Eastern Europe and Asia. Over 100,000 developers have already signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft.

Fortumo was the first to create a self-service setup and instant activation for operator billing, enabling any developer regardless of size or location to set up, get approved and go live with mobile payments within 30 minutes.

The partnership between Payelp and Fortumo will enable Payelp's merchants to offer operator billing as a payment solution to their end-users; rather than charging purchases to a credit card, users can pay with their mobile operator bill instead. Fortumo's service works especially well in emerging regions and other cash-based regions where the use of credit cards is limited.

Payelp, which is part of a global payment platform that processes more than 500,000 transactions per minute, offers payment and business development services to merchants in over 74 countries worldwide. Payelp specializes in digital goods and services, but also works with non-digital merchants as well. The company is able to offer merchants all around the world a unique service and valuable expertise that comes with having a worldwide payment network with multiple offices around the world.

Fortumo CEO Rain Rannu stated, "Mobile payments bring the biggest revenue to merchants from countries where few people have credit cards – Central & Eastern Europe, Latin America, Africa and Asia.  Our common expertise in emerging markets with Payelp will help more merchants earn additional revenue through operator billing."

Albert Donahue, CEO of Payelp Global, stated, "We are very happy to be working with Fortumo as they are a rapidly growing mobile payment service company that will help our merchants to expand into areas where mobile payments are growing at a rapid rate. In Canada, as well as in Eastern and Central Europe, mobile payments are on the rise. Fortumo has a strong presence in these growing markets, and we are looking forward to our partnership together."

About Payelp Global:
Payelp helps online businesses grow e-commerce revenue worldwide, offering merchants over 300 payment gateways worldwide with just one contract with Payelp. Online retailers can accept credit cards, PayPal, direct debit, Virtual Visa (Qiwi Virtual Visa™), payments from kiosks, cash transfer, prepaid and gift cards, mobile payments and more- with one low fee per transaction. Payelp doesn't charge merchants start-up fees, monthly or minimum transaction fees- just one low transaction fee, with fraud and chargeback protection, multilingual merchant support, data analytics, as well as a suite of auxiliary services such as business licensing, tax and currency management, logistics, web site localization and more. Contact Payelp Global today for more information at Email or visit us online at www.payelp.com.

About Fortumo:
Founded in 2007, Fortumo is the most developer-friendly mobile payments provider, enabling app and game developers to easily monetize users via micro-payments. Users pay with their mobile phone and purchases are charged to their mobile phone bill. Fortumo mobile payments are cross-platform on desktop, in mobile web and HTML5 apps – and are great for in-app purchases on Android, Windows Phone and Windows 8 devices. Fortumo has payment connectivity to over 300 mobile operators in 80 countries, including a number of exclusive direct carrier billing partnerships. Fortumo is backed by Intel Capital and Greycroft Partners and has offices in Estonia, San Francisco, Beijing and New Delhi. Fortumo is the only mobile payment provider with a self-service setup and no monthly fees or minimum volume commitments – any developer, regardless of size and location can sign up for an account and get started with mobile payments at http://fortumo.com.

Media Contact:
Heather Sabitov
H2 Management Group
1.818.793.8197
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