wordpress blog stats
Connect with us

Hi, what are you looking for?

After carrier billing, Fortumo looks to integrate wallets for mobile transactions

It's been year since we spoke with Gerri Kodres, Chief Business Officer at Fortumo, a company which allows consumers to purchase digital goods by paying through their mobile operator wallet. The Estonian "carrier billing" company competes with the likes of Boku and Ver Se in India, in a country with limited credit card penetration, and allows merchants to monetize the burgeoning mobile Internet user base by selling subscriptions to music and video streaming, or virtual currency for use in games. In an interview with MediaNama at the Mobile World Congress in Barcelona, Kodres spoke about how the company is going to approach its India business. MediaNama: How has the year been for you? It's been a year since we spoke about your India plans. Gerri Kodres: For Fortumo, overall the year was very good, and even better for India. Globally, we processed 300 million transactions during the last year and we had 100% year on year growth. India has grown to have the highest transactions for us. The transaction size in India is smaller than average: between $0.2 and $0.3 (around Rs 12.5 to Rs 19). In terms of revenue, India is not number one (for us), but it's in the top 10. The transaction size in India is smaller than average: between $0.2 and $0.3 (around Rs 12.5 to Rs 19). MediaNama: Are you seeing a trend in the increasing value of transactions? Gerri Kodres: We see that the trend in the value of transactions is slowly increasing, because more smartphones are…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ