Fortumo Mobile Payments Launches in Russia

Fortumo Mobile Payments Start Covering The Whole East- Service Launched in Russia – Fortumo.com the leading Mobile Payment Provider for SME-s in Eastern Europe and Asia announced today its expansion to Russia. According to the company, Fortumo is planning to cover all the major Ex Soviet Union countries soon. Ukraine and Belarus will be made available shortly after New Years Eve.

“Easter European and Ex Soviet Union countries are still difficult to access for most of the western internet companies “, – says CEO Fortumo Martin Koppel. “Fortumo sees itself as a gateway, which helps those companies monetize their user base in region without risks and costs”, – adds Koppel.

Besides mobile payment, with Fortumo everyone can create SMS-services without any technical background or cost in 5 minutes. Basic services are targeting at users without any technical skills, while advanced services enable experienced service providers to benefit from the multi-country functionality, flexible user interface and competitive revenue sharing.

“Typical Fortumo users are online game portals, social media application developers and different internet entrepreneurs, while radio stations, local newspapers and ad agencies also benefit from the media convergence.” says the CEO of Fortumo Martin Koppel. “At the moment people have created nearly 85 000 revenue generating SMS-services,” adds Koppel.

Fortumo is providing its services in 29 countries from Nordics, Europe to Southeast Asia, and is available at Fortumo.com without any startup or monthly fees.

Fortumo Ltd, headquartered in Estonia, provides a simple mobile payments platform for internet entrepreneurs to monetize online games, social networking sites and other web-based businesses. With ready to use solutions, there is no need to complicated setup and additional technical knowledge. Fortumo services are available in 29 countries, which makes the market with more than a billion mobile subscribers available to everyone. Founded in 2007, the company is experiencing rapid growth, having launched its service in 29 countries in Europe and Asia. In 2009, Mobile Monday chose Fortumo as one of the TOP20 most potential mobile startups in the world and TechCrunch featured Fortumo in its list of the TOP100 most interesting startups in Europe.

Tags: application, Fortumo, Fortumo Mobile Payments Launches in Russia, gateway, mobile, mobile Pay, mobile payment, Mobile Payments, payment, Russia, UPS

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