Online payments have gone turbo
All you need is an EU mobile phone, and an email to receive or send payments all across Europe. It is even possible to pay in retail shops. Security is guaranteed under European regulation.
m-turbo is a new payments system which has launched as a world first at SiGMA in Malta. This new method, invented by Em@ney (the Malta licensed electronic money institution who created the electronic cheque) will speed up receiving money and making payments.
“It takes just a few minutes to access m-turbo and, in a few seconds, mmoney will arrive at its destination almost instantly”, Em@ney explained. “Anyone can use it to buy and sell over the internet and it will soon be available to pay in retail shops”.
To register in m-turbo, all you need is your mobile number and an email address. Upon subscription, one enters personal information and bank details, or credit card details and a new account will be created. When a user pays for a service, the merchant receives the payment directly from m-turbo, not from the bank or the credit card which the user has connected the account to.
m-turbo accounts can be opened in any European country of Sepa area and the money transfer can be operated in the same countries. Each account has got it’s own Iban number, so that it can also receive payments from the traditional banking world. So it is possible to make payments through a normal computer or from a smartphone using the app which has an extremely intuitive and fast interface.
Money is sent with the speed of an SMS. In fact, one can receive money and be informed through a mobile phone or an email and the money is immediately available on their m-turbo account.
“The m-turbo account costs a fraction of normal services which offer similar options, but these do not have its velocity and above all the simplicity of m-turbo. We know the technology that’s available in financial services all over the European Union. For this reason we have created a financial services system that is simple and at the same time, respects all the security and anti-money laundering procedures. m-turbo works like a traditional online bank account but at hyperspeed and tons of benefits. That’s why it’s gaming friendly and Lottoland, Oryx and Platincasino are the first three operators going to start with it in December.”
The product offers full PSD2 compliance, is fast, secure, and safe when compared with any other bank payment app. m-turbo is merchant friendly,receiving instant secure payments.
Opening an account with m-turbo costs nothing and there are no annual fees either.
For more information on m-turbo visit SIGMA, stand B56, or the web site www.meinturbo.com.