Wednesday, July 25, 2007

MX Telecom's "PayFortIt" - Powering Paypal Mobile

MX Telecom has just launched a mobile payments service called Payforit, which can be used by all UK mobile phone networks. Its mobile payment service with internet payments provider Paypal has already been rolled out in the US, Canada and the UK. The company is on the radar of potential buyers however. "We have been approached by other players in the industry," says O'Donohue. Indeed the company's reputation is so good that most new business comes from referrals. "We don't have an outbound sales team for example. We've been in a very fortunate position in that way. For example we're in a government scheme in the education sector as the result of a referral because we've done the congestion charge. Schools are also using text messaging for various activities as a result of a referral as well," he adds.