BARCELONA | PayPal and Deutsche Telekom enable Deutsche Telekom users to make purchases using their mobile phone account. Deutsche Telekom and PayPal will extend carrier payments across Europe and will provide an opportunity for both companies to reach more consumers and help digital goods merchants. In 2013, more than $9 billion of digital goods payment volume went through PayPal.
Deutsche Telekom joins PayPal’s carrier payments network
As one of the world's leading integrated telecommunications companies, Deutsche Telekom has a presence in 14 markets throughout Europe, with some 144 million mobile customers. Together PayPal and Deutsche Telekom will make it easy for digital goods merchants who have not adopted carrier billing to offer this payment option to consumers across Western, Central and Eastern Europe. Deutsche Telekom joins more than 250 carriers as part of PayPal’s carrier payments network.
Secure way to purchase digital goods
With PayPal, major carriers such as Deutsche Telekom, can offer their subscribers a convenient and secure way to purchase digital goods—such as eBooks, music and in-game content across digital merchant websites and mobile applications. Additionally, carrier payments with PayPal, require only that the consumer remember his or her mobile phone number, meaning there are no account numbers, logins, or passwords to forget.
PayPal increasing a digital goods merchant’s reach
Carrier billing with Deutsche Telekom provides a convenient, secure and fast payment method for consumers. Further still, carrier payments with PayPal increases a digital goods merchant’s reach and helps provide incremental sales. PayPal gives the merchant access to carriers, like Deutsche Telekom, who are committed to expanding business opportunities for both the merchant and carrier.
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With 143 million active accounts in 193 markets and 26 currencies around the world, PayPal enables global commerce, processing more than 9 million payments every day. Because PayPal helps people transact anytime, anywhere and in any way, the company is a driving force behind the growth of mobile commerce and processed $27 billion in mobile payments in 2013. PayPal is an eBay company and contributed 41 percent of eBay Inc.'s revenues in 2013. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal-media.com.
About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with 140 million mobile customers, over 31 million fixed-network lines and more than 17 million broadband lines (as of September 30, 2013). The Group provides fixed network, mobile communications, Internet and IPTV products and services for consumers and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in around 50 countries and has 230,000 employees worldwide. The Group generated revenues of EUR 58.2 billion in the 2012 financial year – more than half of it outside Germany (as of December 31, 2012).
Sourced from Businesswire, February 25th, 2014