Payfone Inks $19M For Mobile Payments
Mobile payment start-up Payfone has added $19 million in strategic funding from American Express, Verizon Investments Inc., Rogers Ventures, and from existing shareholders Opus Capital, BlackBerry Partners Fund and RRE Ventures. The money is designed to help Payfone continue product development and global expansion. Formed in 2008, Payfone’s technology is designed to make mobile phones a preferred way to make online payments, opening up payment options to the non-credit-card world and bridging the gap in emerging markets, the company says.
13 April 2011•5 mins read
