Vietnamese Payment Processor 1Pay Enables Direct Carrier Billing via Fortumo

1pay, a Vietnamese payment processor, and the mobile payments platform Fortumo have announced a new partnership in effort to bring direct carrier billing to South-East Asia.

Now, merchants utilizing 1Pay can collect payments from users in Thailand, Indonesia, and Vietnam simply by charging payments to the users’ phone bills.

The CEO of 1Pay, Luyen Ngoc Huy commented, “1Pay is now expanding its market to South-East Asia with the first move to open office in Indonesia. We certainly look for compatible partners that help us to set up and run business in the shortest time. We chose Fortumo because they have a very flexible system that allows 1Pay to connect and operate quickly. Furthermore, Fortumo is a world-class reputable company. Hopefully, this cooperation brings a good business prospect for both companies in these markets.”

1Pay operates in an open platform for e-payments, acting as an intermediary access point for payments. Their main goal is optimizing payment effectiveness, as well as speed and stability. In addition, 1Pay boasts a smart analysis system, a multidimensional report, and supports all integration formats while automating the entire process of integration.

“Integrating mobile operators one-by-one is a difficult process for payment service providers. Each carrier has their own technical setup and negotiations take a long time. We are excited to accelerate the adoption of carrier billing by 1Pay by giving them access to direct carrier billing in several markets through just one integration. For merchants using 1Pay, direct carrier billing gives a significant increase in paying user coverage in markets with extremely low credit card penetration,” said Sanjay Sinha, the Head of Fortumo India.