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Upaid Launches Intellectual Property Business Unit
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Fast fact:
'HiPAAS is the only on demand mobile payment service on the market'


'Prepaid' is emerging as a popular payment option in many regions around the world. Prepaid accounts offer consumers convenience and better control over spend and merchants the advantages of up front payment of goods and services.

The types and popularity of prepaid accounts available vary widely from market to market. From prepaid mobile phone, prepaid gas and utility accounts to prepaid credit and gift cards, account replenish methods should be designed with the same ease of use that drives consumers’ preference for prepaid payment options.

Prepaid mobile top-up represents an entry-level application for banks and card associations eager to enter the mobile payments market. Similar to ATM schemes, banks and card associations are increasingly offering top-up services to their bank account and credit/debit card holders in conjunction with participating mobile operators.

The HiPAAS prepaid top-up application enables the top-up or ‘recharge’ or prepaid accounts through simple SMS and IVR. Payment for top-up can be debited from any registered source of funds, including credit/debit cards or direct from bank accounts.

 



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