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Fortumo Mobile payments – foraying into emerging markets like India

India is home to an estimated 1.21 billion people. There are about 867 Mn phone connections in circulation. Some of the major telecom operators include Airtel, Vodafone, Idea and Tata Docomo. Mobile Payment companies such as Buttercoin and Swiff have shown interest to enter India and capitalize on the revenue generated through mPayments. One such company which has recently set up operations in India is Fortumo. The company offers 3 types of services, web payments solutions, mobile payment solutions and native in-application ...

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