The hi5 and Paymo users of around 24 countries have an exciting new to cheer about. The Global mobile payments network Paymo and hi5 have joined hands to provide their members an online mobile payment system to buy hi5 coins.

The features associated with this partnership venture are:

The users do not require a bank account or a credit card to avail this facility, all they have to do is to enter their cell phone numbers on the site, reply to a Paymo message and then automatically the charges at hi5 are added to the monthly cell phone bill payment of the user.

The concept, on which this whole functionality is based, is that over 75 percent of the online community does not have a bank account or a credit card but almost 90 percent of them have cell phones with them.

Thus, such a system tends to increase the horizon. Moreover the payment through Paymo’s mobile system is very easy and comfy. This system increases efficiency and introduces flexibility, which is a positive aspect. But, the high cost charged by the mobile carriers to the payment systems remains a grave concerning factor. This problem can provide a severe set back to such services.

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