Pay By Skrill is a new service that will help subscribers with MTN, a South African mobile telecommunications company, use finds in their mobile wallets to buy products from global Internet brands that are a part of the Skrill network. The first to enjoy the service are MTN users in Ivory Coast and Rwanda, before the service is rolled out elsewhere.
To use the service, users can simply go to the website of a Skrill merchant, select their purchase choose the 'Pay By Skrill' option. This allows them to use money in their mobile wallets to pay for purchases on the Internet.
Ultimately, the Pay By Skrill initiative is an attempt to revolutionize the digital marketplace by taking convenience and engagement to a new level, helping win over consumers in the burgeoning emerging markets of the developing world.
Revolutionary Payment Systems
'Pay By Skrill' Lets People Make Online Payments Using Mobile Money
Trend Themes
1. Mobile Wallet Integration - Opportunity for businesses to integrate mobile wallet services like Pay By Skrill to enable convenient online payments.
2. Global E-commerce Expansion - Expanding the reach of global Internet brands to emerging markets by leveraging mobile payment solutions like Pay By Skrill.
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Industry Implications
1. Mobile Telecommunications - Opportunity for mobile telecommunications companies like MTN to partner with mobile wallet services to offer convenient online payments.
2. E-commerce - Integration of mobile wallet solutions like Pay By Skrill presents opportunities for global Internet brands to tap into emerging markets for increased sales.
3. Digital Marketplace - Revolutionizing the digital marketplace by offering innovative payment systems like Pay By Skrill in developing countries, resulting in increased consumer adoption.