A better way to pay By 2004, there will be approximately one billion mobile phone subscribers worldwide, introducing an unprecedented age of mobility and communication that will change the way we live, work, play, and pay. Fundamo presents an innovative technology that seeks to harness the power of mobile phones and become part of this social revolution. Fundamo provides you with a convenient and secure means of managing your money. It turns your mobile phone into an electronic wallet that facilitates secure payments to anyone, anywhere, from any place at any time. Your mobile phone is a secure, easy, accessible way to pay.
Mobile payments bring the convenience of cards with the benefits of instant cash transfer.
This means that funds are immediately available and that you are able to authorize their use without the intervention of a bank or other financial institution. The Fundamo system transforms your phone into a wallet, capable of transferring money between Fundamo-enabled bank accounts. This means, for example, that you can buy your groceries, pay for theatre tickets on the Internet, and pay the babysitter, from anywhere at any time - all secured by the PIN number that you enter before a transaction is performed. A profitable business Fundamo provides an exciting opportunity for organizations to be at the forefront of payment technology and increase their revenue through the delivery of financial services. Fundamo will make its business and technology models freely available to third party developers who want to integrate their offerings.