Fortumo: How to process payments from 318 mobile operatorsPresentation Transcript
How to Keep Calm and Process
Payments from 318 Mobile
Operators in 61 Currencies?!
- Founded in 2007!
- Live in 74 countries!
- Payments via prepaid or postpaid mobile
- Eliminates the need to connect directly to
1.00 EUR on golden
Operator deducts his
remaining amount to
and pays to game
Challenges with Mobile Money!
- Working with foreign currencies!
- Accounts Receivable (DEBTS) !
- International taxation !
- Limitless bureaucracy!
- International payouts!
1. Foreign Currencies!
- 62 currencies = 62 exchange rates!
- Solution: OANDA!
- BYR, VND or VEF exchange rates?!
- Solution: black market rates!
- Changes and anomalies:!
- LVL -> EUR!
- Romania: EUR instead
2. Getting the Money!
- up to 6 month delay (usually 2-3)!
- 318 supported operators:!
Expectation: ! ! !Reality:!
Solution: Fortumo Inkasso!
3. International taxation!
- Up to 15-20% withholding tax!
- 20 VAT changes per year, shortest announcement: 4
- Telecommunications tax in Turkey: !
- Play on PC: 0%!
- Play on smartphone: 25%!
4. Endless bureaucracy!
- This is how our Fortumo Finance team looks before the
5. Payouts to Merchants!
- No single payment method, that works globally.!
Interested in Mobile Payments?!