Tola Mobile Launches Mobile Money with Online Digital Magazine Stand

6th April, 2017 – Birmingham, United Kingdom. Tola Mobile (www.tolamobile.com) today announced their collaboration with Touchtechmedia to provide mobile payment processing for Touchtechmedia for their online digital magazine service www.buymymag.co.uk, an E-Money service.

With a vast range of the best-selling British and International magazines to choose from, mobile users are able to purchase single issues and annual subscriptions via their device through a simple and secure payment process. The digital magazine content is provided in collaboration with Zinio, the world’s first and largest digital newsstand.

Tola.mobilepay is a frictionless payment method built for readers on mobile web and smartphone apps, and will initially be available exclusively for O2 customers. The greatest advantage for the publisher is that there is no need to collect any credit card details, as Tola.mobilepay allows readers to pay‐to‐read via their mobile using the source of funds that they already have built‐in to their mobile phone (monthly bill for post‐paid phones and stored credit for prepaid phones). The added value of paying by mobile is the real-time verification process. Security is provided at check-out with a one time 4 digit pin received in an SMS to the customer’s mobile device.

Shane Leahy, CEO of Tola Mobile, commented: “We are very happy with the seamless integration of Tola.mobilepay and have been very impressed with Touchtechmedia’s ability to tailor their platform with mobile money payments. It is an exciting time for us and we look forward to more integrations”

Touchtechmedia Managing Director, Matthew Barbieri, stated “The Tola Mobile Pay team have a very in-depth knowledge of mobile payments and have been very easy to engage with during the different integration phases. We look forward to working with Tola as we continue to enhance our mobile commerce product development and billing options available for our customers.”

ENDS


About Tola Mobile

Tola is a mobile payment service provider. We take the hassle, cost and risk out of paying for goods and services by allowing consumers to pay directly from their mobile, charging transactions to a mobile wallet or phone account.

We make mobile payments simple and in line with technology uptake and consumer expectation. Unlike other commercial models, our proposition adds value to all parties in the mobile payments ecosystem – merchant, MNO and consumer.

About Touchtechmedia

Touchtechmedia provides managed services for mobile network operators, content aggregators and merchants allowing customers using a wide range of browsers and devices to purchase services using mobile payment.

Touchtechmedia provides a cloud service and management platform enabling companies to distribute and promote web and mobile web applications. www.touchtechmedia.com

About Zinio

ZINIO brings innovation and inspiration to the world of magazine publishers and consumers by delivering the ultimate digital reading experience on any device. As pioneers of the digital publishing industry for over a decade, ZINIO leads the digital magazine market in breadth of content and accessibility on any platform.

ZINIO operates online newsstands and award-winning iOS, Android, Windows and Kindle apps in more than 30 languages, and has delivered 500 million digital magazine editions across more than 6,000 titles in 200 countries to over 10 million customers. Headquartered in New York City, the company has offices in San Francisco, Barcelona, London and Ho Chi Minh City. For more information, visit www.ZINIO.com/corp.