Facebook may tie up with Indian mobile payment startup

Users may be wary of using credit cards or internet to buy digital goods, but JunoTele lets people pay through their mobile talk time.
Most new-age, mobile-first companies from Silicon Valley find it easy to attract consumers in emerging markets such as India but hit a wall when it comes to getting them to pay for products and services.
So when a Bengaluru-based startup offers a payment solution — and one that doesn’t require credit cards or the internet — large players including Facebook are bound to be interested.

“They (Facebook) have shown interest in using our product,” said Sekar Rao, chief executive officer of JunoTele, which has patented a way for users to pay for digital goods from their mobile talk-time account. Rao, 49, said executives from Facebook’s Singapore office had spoken to him about aspects of his company’s product, including the core offering — direct billing from carriers. Facebook declined to comment.

JunoTele bypasses credit cards and the internet by using a telecom operator’s signal to carry out transactions — the same one that’s used to make regular phone calls.

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