Social network hi5 and Paymo announced that users in 24 countries can now use their mobile phones to purchase hi5 Coins, hi5’s virtual currency which is redeemable for gifts and premium content on the hi5 site.
The partnership extends hi5’s global reach, by providing the ability to accept direct user payments from millions of consumers around the world who do not have or do not want to use credit cards. Over 75 percent of the online community worldwide does not have a credit card, but 3 billion consumers own a mobile phone. Paymo is currently live in 45 markets around the globe, enabling mobile payments in Europe, North and South America, the Middle East, Africa and Asia.
Countries where Paymo will be made available to hi5 users include the U.S., Canada, France, Hong Kong, Thailand, Russia and Colombia.
Originally posted on March 10, 2009 @ 10:40 am