DigiMo claims to have struck gold with mobile ‘wave & pay’ solution

One of the biggest gold rushes in recent years has been around the area of mobile ‘wave & pay’ solutions and creating a ‘social currency’ that can be used across social media platforms. Mobile payment system provider, DigiMo, has announced what it calls “a new platform providing the first true mobile payment solution”. The company says its solution requires no hardware or software modification at either the Point-of-Sale (PoS) or on the mobile device itself.
“Over the past decade, numerous attempts have been made to launch a wide-scale mobile payments service. Up to now, no agreement existed regarding the technological standards and business model, due to heavy investments associated with the implementation,” said Yossi Yarkoni, CEO, DigiMo. “We’ve avoided this by developing an independent system that works at virtually any point-of-sale, replacing cash and credit cards with mobile handsets.”
DigiMo says its solution integrates customer loyalty programs, coupons and interactive discounts. Telcos, credit card companies, and financial institutions can white label DigiMo as a value-added service.
“We had meetings this week with Silicon Valley giants like Google, Apple, Facebook, Microsoft and PayPal, who can bring a significant consumer base to the table. These potential new partners can finally turn mobile payment to a widespread commercial service,” says Yarkoni.
The company says the service is ready for immediate deployment worldwide. “Consumers simply register for the service online, supply their preferred billing method and phone number, receive a PIN, and pay quickly and easily at any participating retailer.”
For more visit www.digimo.biz.