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Breda, Noord-Brabant, Netherlands, 2015/06/30 - Mobile service provider CM Telecom moves into mobile payments and has founded CM Payments, a new Payment Service Provider (PSP) that will operate internationally. CM Payments opens its office in Amsterdam.
CM Telecom was founded in 1999 and specialises in worldwide mobile messaging and payments. It sees a strong growth in the (mobile) payment market. The number of online transactions increases and payments more often take place internationally. Moreover, consumers are increasingly using various payment methods. A growing number of businesses, charities, organizations and governments focus on mobile and online payments, however the setting of online payments has not changed significantly in 15 years. Also CM Telecom's clients ask for more (mobile) payment options.
Platform & technology
CM already has the in-house technology and the platform, which can process a large number of transactions per second. CM Payments bases its technology on the existing technology. The platform offers connectivity to multiple payment methods including VISA, MasterCard, Paypal, iDeal, Microincasso and Bancontact (Belgium).
Closed beta period
CM Payments aspires to expand the cooperation with a number of existing CM Telecom customers by using the capabilities of the payment platform. The group consists of, among others, authorities, fundraising institutions, media, e-commerce and telecom players. After the closed beta period, CM Payments will be accessable for other companies too.
Jeroen van Glabbeek, CEO of CM Telecom: "Starting the PSP CM Payments stems from the growing demand for mobile and online payments. From 1999 CM Telecom shows expertise in mobile transactions and may call itself the largest mobile payment company in the Netherlands. We want to use the closed beta period to build confidence and work towards perfection and speed. After that period we want to serve all companies that need quick and secure mobile payments through bank accounts and credit cards. That also means that we roll out CM Payments internationally."
Lead sponsor of football club NAC Breda
Additionally, CM Payments will be lead sponsor of the football club NAC Breda the coming season and an option for a second season.
About CM Telecom
Launched in Netherlands in 1999 and with more than 15,000 clients worldwide, CM Telecom’s platform (cmtelecom.com) helps brands conduct critical business processes including customer interaction, marketing campaigns, transactions and mobile CRM via mobile messaging, mobile apps, voice services and payment functionality. CM Telecom is a pioneer of mobile messaging and is also active in app development, security and push messaging.
A self-funded company, CM Telecom’s consistent growth has been recognised by its placement amongst the Fast500 of Europe's fastest-growing companies for eight years. Headquartered in Breda, CM Telecom's platform is powered by its own self-built infrastructure, supported by a 24/7-network operations centre including in-house data centres and a fibre network across northern Europe.