More NewseWise Launches payo Mobile Payment Application

eWise Launches payo Mobile Payment Application

eWise has launched a smartphone application for consumers. eWise payo mobile will enable consumers to initiate secure and private payments for goods, services, or bills online or face-to-face, without having to provide personal financial information to third parties.

Through the mobile solution, consumers can conduct mobile ecommerce transactions and person-to-person (P2P) and bill payments. Using the eWise payo OBeP technology and the hard-linking capabilities of the QR Code, a consumer’s online bank account can be enabled for countless purchasing scenarios.

John France, managing director at eWise payo, said: “Current statistics indicate that 29% of UK adults own a smartphone, and, 54% of smartphone users have used their device for a banking transaction. Given the anticipated growth of these figures, we saw the need to launch a mobile application that would provide a consistent interface for the consumer.”

eWise is currently in advanced discussions with a number of the high street banks, merchant acquirers, payment service providers (PSPs) and merchants. As a result of which, the company has brought forward its initial launch – planned for 2012 – and hopes to make an announcement in 2Q/3Q11.

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