Dynamic Mobile Billing and Vendreo Partnership Announcement

Dynamic Mobile Billing has partnered with Vendreo to extend its payment suite offering to its clients. Dynamic Mobile Billing now offers a payment suite that consists of a range of payment options including Carrier Billing, Card processing, Google Pay, and Apple Pay and thanks to the new partnership with Vendreo - Open Banking.

Gary Corbett - Chairman of Dynamic Mobile Billing, commented:

“A PWC report is forecasting that Open Banking will be a £7.2 billion sector this year – has increased nearly 4-fold in the last few years and that growth will accelerate – that is a difficult opportunity to ignore.

We believe that Open Banking has some fantastic innovative opportunities and a global scale which our clients will now be able to take advantage of, thanks to our new partnership with Vendreo. “

The advantage that Dynamic Mobile Billings customers will see include things such as:

• Added level of security
• Overall better user experience
• Ability to pay using their preferred banking App

Dynamic Mobile Billings clients will now be able to offer a payment mechanism to their own client base that will enable them to:

• Make a payment to their bank account immediately
• Offer a fixed fee, with is substantially cheaper than card processing for payments over £10
• Generates better conversion rates due to its simplicity

Gary Corbett – Chairman of Dynamic Mobile Billing added:

“Many reports forecast that Open Banking will take 30% of the card processing market but when looking at the incredible customer experience and lower costs to merchants, I am predicting that this figure will be surpassed.

Not to mention that this payment mechanic fits incredibly well with our strategy - offering customers and their end users the widest choice of payment options possible.

Russell King of Vendreo commented that:

“It’s great to have Dynamic Mobile Billing on board. We can provide innovative products based on our Open Banking infrastructure. For Dynamic Mobile Billings customers – many of whom focus on delivering the highest payment conversions – the Vendreo offering is a fantastic addition to their payment portfolio and we are looking forward to working together”