Text message based payment services are dependent on gateways that link wireless carriers and payment processors. MX Telecom, Inc. provides the infrastructure underlying PayPal's PayPal Mobile and TextPayMe. The company has been in business for six years and was profitable from the start. They also provide a gateway for Transport of London, the controversial service that enables drivers to pay a fee to enter central London during peak hours.
MX Telecom Looks for Rapid Growth in SMS-Based Mobile Payments
Digital Transactions News
April 27, 2006