Fortumo Partners with SingTel for Direct Carrier Billing in Singapore
Today Fortumo, mobile payments provider from Estonia, is once again extending its direct carrier billing coverage – this time in Singapore.
Together with the leading mobile operator SingTel, payments using direct carrier billing will become available to an additional 3.2 million mobile phone users.
While the population of Singapore is small (5.4 million inhabitants) it ranks as one of the world’s richest countries by GDP per capita. Therefore Fortumo expects to see significant additional revenue for merchants as it has been the case in other countries of South-East Asia.
Singapore is the fifth country in South-East Asia where users without credit cards can use Fortumo to make payments online – previously the company has already launched billing in Indonesia, Malaysia, Thailand and Vietnam.
One additional interesting aspect about Singapore is it’s large population of Indians, the 3rd largest ethnic group in the country. Fortumo has already seen strong interest from merchants in India who want to take advantage of their easy integration, allowing them to bill users in India and Indians living in other countries as well.