Pareteum Empowers its Global Cloud Customer to Launch Mobile In-App Billing Services

Applications, Including Online Gaming And Social Media, Are Now Easily Monetized Using Pareteum’s Services

Pareteum Corporation, the rapidly growing Cloud Communications Platform company, announced that it has completed deployment of its Global Cloud Services for mobile management and settlement services to its UK-based customer. This Communication Platform as a Service (CPaaS) provider delivers global payment solutions to over 500 service operators globally. Applications, including online gaming and social media, are now easily monetized using Pareteum’s services.

Enabled by Pareteum’s Global Cloud solution, (which provides the platform) in connection to the TEAX developer exchange (which connects them to the global community), this UK company is now able to allow any smartphone across the globe to direct bill for application purchases through a simple text. This opens the entire globe to application store purchases with direct billing to mobile service plans.

Vic Bozzo, CEO of Pareteum commented, “App Store owners and App developers need a way to direct bill for their services and this solution is particularly applicable for Mobile Virtual Network Operators who want their customer purchases to be direct billed to their phone and allow the Operators to share in some of the ‘Over The Top’ Revenue. By choosing our platform they are able to bring that capability to the market and expand their reach around the globe dramatically. We receive revenue when these customers create those transactions.”

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Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, “This service activation from our 36-Month Contractual Revenue Backlog demonstrates our leadership in the burgeoning global digital online economy. Our well-developed partnerships with carriers throughout the world enable us to leverage the power of the developers’ community worldwide to bring a revenue share model that well benefits the developers, the mobile carriers, and Pareteum. This is how we return proportional value to the telecommunications market with our software services. Our UK customer is expanding the reach of its APP’s, and, their associated developers’ community, through Pareteum’s global connectivity. For Pareteum this means capturing new business in exciting new geographic areas, as well as providing our ever-expanding network services for global connectivity. Even more exciting is that In-App purchases are starting to be settled using Blockchain, AI for credit scoring, and ultimately the ability to be agnostic to the network, currency or geo-location.”

The mission of Pareteum Corporation is to connect “every person and everything”. Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands.

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