Oi Paggo

Founded in 2006, Paggo launched the first Brazilian mpayment system in partnership with Oi, brazilian Mobile Network Operator. Branded Oi Paggo, the mpayment system was a closed loop credit card solution for issuance, scheme and acceptance of mobile devices issued as credit cards to consumers and another payment method to merchants that were registered to Paggo’s mobile network. In 2009, Paggo became the biggest m-commerce operation in Brazil, with more than 250,000 users, 75,000 registered merchants and more than 3 million transactions settled per year. In 2010, Cielo and Oi established a joint venture to promote financial inclusion to popular retail consumers and merchants, enabling Paggo to offer mobile commerce through all schemes, banks, card issuers and MNOs in the brazilian market. From a 5 years background of full operating service, Paggo has developed an extensive Know-how in user experience and usability through the development and operation of mobile financial services based in mobile technologies such as SIM Browsing, USSD, JavaCard, J2ME. The company is constituted of specialists and professionals from both payments and mobile telecommunication industries, merging expertise and knowledge from the Brazilian market, with a deep experience over mobile payments operation such as payment transactions acquirer and mobile electronic pre-paid credits distribution over mobile devices, enabling mobile commerce for small, micro-retail merchants and informal economies.