About Payfone

Payfone brings payment processing, telco, and web 2.0 expertise to mobile commerce. Our youth is our strength. Most mobile payment companies are over eight years old – built on legacy thinking. We're driven by the belief that the next round of explosive internet growth is upon us. We've rebuilt mobile commerce using our unique IP and established strategic partnerships with leading telco network operators.

Payfone is a member of the GSMA and is based in New York, NY. The company was founded in March 2008 and is backed by BlackBerry Partners Fund, Opus Capital, and RRE Ventures.

Our Beliefs

That fastest growing portion of the web is mobile apps. It's also where the most new revenue will come from. And it's different – it's global and Page Rank doesn't seem to fit.

  • The global nature of the app stores demands a global payment system. One that wasn't defined by historical geographic and political constraints. Welcome to a border-less market – where Filipino developers create imaginative apps for Asia-Pac countries one day and North Americans the next.
  • We know that Payment is too cumbersome. The word itself is boring. It's not about frictionless payment or easy payment or Yet Another Payment System that you need to register for. Consumers don't want to be bothered – they just want… that new app that will make their life more fun or more economical or save time. And they want it at the speed of an impulsive tap.
  • We believe there truly will be app for that… with "that" starting out global and general but soon becoming hyper-local and hyper-personal. The newly structured internet will give homesteaders richer soil, better sun and new tools.
  • We believe fraud and identity management will drive the sustainability of mobile payment as a source of revenue and growth for mobile operators.
  • We believe the world's best software developers will develop for app stores. They will drive immense creativity and value. They are a key driver of the industry's development roadmap.

Our Guiding Principles

  • The best consumer experience possible
  • No software and no cost to connect
  • Advanced fraud protection
  • An exciting roadmap that will serve the needs of your merchants and app developers for the next decade