Wednesday, July 10, 2013
Payvia, Mobile-XL Partner On Mobile Payments
Los Angeles-based Payvia, which is developing mobile payment technology, and Mobile-XL, which develops software for providing access to digital services to people in Africa and India, are in a partnership, the companies said this morning. According to the two companies, they are integrating Payvia's mobile payments technology with Mobile-XL's service, which is used to deliver news, content, games, and Internet services to emerging markets. The partnership will allow consumers to purchase digital goods and services by using their prepaid carrier airtime, instead of requiring a bank account or credit card.
Mobile-XL's services are offered in conjunction with Orange, MTN, Vodafone, Etisalat, Idea and Airtel. The new link with Payvia means that consumers can use their prepaid airtime on those various carriers to pay for digital services.
Financial arrangements between the companies were not announced. Mobile-XL is backed by the Tech Coast Angels, and Payvia is backed by Silver Lake Sumeru, Montgomery & Co., and Trinity Ventures.