2D barcodes + Internet Mobile Payment + Social Networks = TMS PayWorld

TMS Republic will launch next week its Mobile Payment solution.

“TMS PayWorld” is a multi device payment solution which associates Social Network model to a Mobile Wallet and 2D barcodes technology. The solution is “open” (Telco’s independent) and can be used by all mobile subscribers anywhere anytime via GRPS, EDGE, 3G or WIFI networks.

MobiTMS; after the launching, a few weeks ago, of the Mobile Search Engine of 2D barcodes, which opens up the 2D barcode technology access to all the mobile Internet users without the need to download a reader application on mobile phones. MobiTMS announces today the launching in the Philippines (world capital of SMS and Mobile goods purchases) of a mobile payment solution, Telco’s independent, which associates a real time billing platform to a 2D barcodes solution to launch transactions and an account management platform accessible on mobile phones and/or social networks web pages via a widget developed with the Open Social platform.

This TMS payment solution allow TMS accountholders to launch a transaction on multi support (Print, Web or directly in a store) just using a TMS code or 2D barcode associated to a transaction web page accessible via connected devices (computer, mobile phone…). The user can purchases mobiles goods and download them in the same sequence (MobiTMS will offer access to a catalogue of more than 90,000 mobile goods including games). The solution also allows the user to pay for web services or virtual goods and to create a friends network to transfer and receive money.

“TMS PayWorld is based on the following principles: Invitations, Widgets, Friends networks, Purchases Cash back and Recommendations” said Frederick Saurat MobiTMS co-founder. “For the launching in the Philippines (to be followed by the US in January 08) TMS will offer invitations to open a TMS PW (PayWorld) account with money already in the account for the purchase of goods. The invitation will be offered via local media partners for example: MTV, Yehey, Print magazines, Social Networks… after that TMS accountholders can start to create his own network inviting friends to open a TMS account and during the first year he will share the invited friends cash back program based on the friends’ purchases”.

“The Cash back program and the recommendation system which allows a member who makes a purchase using the TMS PW solution to recommend his purchase automatically to his friend’s network (he just needs to click on the recommendation confirm button during the mobile purchase operation) represents a real motivation for the user to develop their friends network” added David Jacka, co-founder of MobiTMS. “It’s also the first payment platform built for multi device access and developed on Social Network principles”.

More about TMS PayWorld

- Open an account via invitations

A user can only open a TMS PW account via invitation. A TMS accountholders can invite friends to open a TMS account and during the first year he will share with the invited friends the cash back program on the friends’ purchases.

- Widgets

The invitations to open a TMS account will be distributed on social networks via Widgets. The account management page will be accessible by Mobile phone and by TMS widget installed on the social personal page of the user. (Open Social is already a base used to develop the TMS Widgets)

- Friends Network

The TMS accountholders has to create a network of friends and link the friends account to: transfer or collect money or recommend a purchases. The network of friends will be composed of friends invited by the user and friends who have already a TMS account.

- Cash back program

TMS PW is based on a cash back program associated to the purchases of the members

The TMS accountholder will receive back at the end of every month 6% of the amount of his purchases. For the first year he will share (50%) of his cash back with the friend who invited him.

- Recommendations

When a member makes a purchase using the TMS PW solution he can recommend his purchase automatically to his friend’s network (he just needs to click on the recommendation confirm button). This action (in complement of the advice) can increase the revenues from the invited friends’ cash back.