STOCKHOLM, Sweden-L.M. Ericsson said it has unveiled a payment solution that simplifies the business model among content providers, mobile operators and consumers.
Known as Internet Payment eXchange, the company said the system does not require a new relationship, extra hardware or complicated registration procedures for content providers to access consumers connected to IPX operators worldwide.
“Today’s penetration of mobile phones and the nature of the payments between mobile subscribers and operators make this relationship highly suitable for micro-payments,” said the company.
