Mopay

German telecommunications company

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Mopay Inc.

Industry| Telecommunications
Mobile communications
Payments
Founded| 2000 (as MindMatics)
Headquarters| Palo Alto, California, United States

Area served

| Worldwide
Products| Electronic payments
Mobile Payments

Number of employees

| 100
Parent| MindMatics AG
Website| Archived website

## History[edit]

The brand Mopay was first registered in Germany in 2003 by MindMatics AG a mobile marketing company offering single payments interface between online merchants and their respective end-customers.[1] Mopay is an international mobile payment platform.[citation needed]

In 2009, Mopay became the central product of the mobile payment division of MindMatics Group. In early 2010, Mopay Inc., was founded as the North American branch of Mopay.[2] Mopay was acquired by Boku on October 7, 2014

## Product[edit]

Mopay provides both virtual goods and digital goods, along with billing options for small online purchases. Mopay service both unbanked and underbanked individuals lacking access to credit cards or bank accounts.

Through mobile devices, Mopay was available worldwide.[3][4] Mopay connects to mobile operators in over 80 countries.[5] It handles the digital purchases of over 400 customers, reaching 3.3 billion people.[6]

## See also[edit]

* Mobile commerce service provider
* Smscoin
* Fortumo
* Zong mobile payments
* Payrexx
* Monzo

## References[edit]

1. ^ Lunden, Ingrid (2014-10-07). "Boku Buys Germany's Mopay In Carrier Billing Consolidation, Covering 5B Users". TechCrunch. Retrieved 2023-05-21.
2. ^ "mopay expands to the U.S." Inside Facebook. 16 February 2010.
3. ^ "credit card penetration in selected countries" (PDF).
4. ^ "mopay coverage claim".[permanent dead link]
5. ^ "mopay coverage list". Archived from the original on 2012-04-15. Retrieved 2010-03-23.
6. ^ "Mopay: Mobile payment interest doubled in North America last year". VentureBeat. 2011-04-21. Retrieved 2019-08-27.

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