Mobile World Congress – PayPal
and Deutsche
Telekom today announced a direct carrier billing relationship, which
enables Deutsche Telekom users to make purchases directly to their
mobile phone account. Now a part of PayPal’s carrier payment network,
Deutsche Telekom and PayPal will help to extend carrier payments across
Europe and will provide an opportunity for both companies to reach more
consumers and digital goods merchants. In 2013, more than $9 billion of
digital goods payment volume went through PayPal.
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.
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.
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.
About PayPal
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 (Nasdaq: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).
Copyright Business Wire 2014