Singaporean telecom conglomerate SingTel has announced its agreement with mopay, a global payment solution for online merchants, to integrate carrier billing into mobile payments.
SingTel postpaid customers can now purchase digital or virtual items online by selecting ‘mopay’, providing a phone number and authenticating the process via their mobile phones. According to the official statement, the amount will be billed to the subscriber’s postpaid account.
This direct carrier billing move essentially changes a postpaid account to a credit card.
The development goes hand in hand with opay’s Asian strategy. Exactly a year ago, the company had opened offices in Korea and Indonesia. Its CEO, Ingo Lippert, in an earlier statement, had said, “Asiaâs online merchants maintain an impressive tradition of providing quality onlineÂ content that attracts millions of users both, locally and internationally.”
At the moment, mopay has a total of four offices in the region, andÂ services a total of 4.3 billion consumers across 80 countries. Its list of merchants includeÂ Gameforge, Bigpoint, Valve and Wargaming. Two months ago, the company also signed an agreement with Scandinavian telco Telenor, which has subsidiaries in Pakistan, Malaysia and Thailand.