New International Payment Service Provider launches in the Netherlands: CM Payments

AMSTERDAM | Mobile service provider CM Telecom has founded CM Payments, a new Payment Service Provider (PSP) that will operate internationally and will help online merchants and businesses to take payments online and through mobile devices. CM Payments opens its office in Amsterdam (The Netherlands).

Growing mobile payments' market

CM 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 Methods

CM 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 (Dutch website). 

Closed beta period

CM 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."

Soccer Sponsorship to boost branding

Last weekend, CM Payments was announced as the lead sponsor of NAC Breda - a country-wide well-known soccer team - playing in the Dutch first division the next season. The CM Payment company logo will appear on their shirts for at least one season.


About CM Payments

CM was founded in 1999 and leader of Mobile Messaging. The company services more than 15,000 customers worldwide to reach consumers via SMS, push, apps, payments and voice messages. CM currently has seven offices in five countries. The majority of it’s 150 employees come from the Breda area. There is a strong growth ambition. The new division CM Payments focuses on mobile payments.


Sourced from Press Release by CM Payments, June 26th, 2015

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