Growing mobile payments' marketCM was founded in 1999 and specialised in worldwide mobile messaging and payments. It sees a strong growth in the (mobile) payment market as the number of online transactions rapidly increases and payments more often take place internationally. Moreover, consumers are increasingly using various payment methods.
A growing number of businesses, charities, organizations and governments focus on mobile and online payments. One of the drivers for launching its Payment Service Provider 'branch', has been the demand from existing CM customers asking for more payment options to increase payment convenience and ensure higher conversion rates.
Multiple Payment MethodsCM already has the in-house technology and the platform, which can process up to 1,000a large number of transactions per second. CM Payments payment platform offers connectivity to multiple payment methods including VISA, MasterCard, PayPal, iDEAL, Bancontact (Belgium) and Microincasso (for payments below 50 euro). For more information please visit www.cmpayments.nl (Dutch website).
Closed beta periodCM Payments wants to expand the cooperation with a number of existing CM customers by using the capabilities of the payment platform. The group consists of, among other, authorities, fundraising institutions, media, e-commerce and telecom players. After the closed beta period, CM Payments will go public.
'The largest mobile payment company in the Netherlands'Jeroen van Glabbeek, CEO of CM: "The choice to start the PSP CM Payments stems from the growing demand for mobile payment and online. From 1999 CM shows expertise in mobile transactions and may call itself the largest mobile payment company in the Netherlands.
We want to use the closed beta period to build confidence and work towards perfection and speed. After that period we want to serve all companies that need quick and secure mobile payments through bank accounts and credit cards. That also means that we roll out CM Payments internationally."