Press Release:

Fortumo Ltd, a popular mobile payments provider in Europe, Asia and the US, launched In-App payments for Android developers today. In contrast to other solutions on the market, Fortumo in-app payments features ultra-simple integration and instant activation in roughly 40 countries worldwide.

“Fortumo In-App Payments is open to all developers, regardless of size or location. We do not ask for application forms nor grant limited private access to selected developers only” explains Rain Rannu, founding partner of Fortumo. “Integration takes about 15 minutes, and in most markets, you’ll go live instantly!”

Fortumo In-App Payments for Android enables developers to monetize their app or premium features inside the application via carrier billing. Application users do not have to register, enter credit-card information, or even insert a phone number: they can pay with a single click on the screen.

Developers can sign up and configure their service online at http://fortumo.com. The service includes downloadable Android libraries for easy integration.

More after the break.

In comparison to other mobile payments providers, the instant-activation features of Fortumo are a favorite amongst smaller and medium-sized developers, who are looking for fast time-to-market. Fortumo offers similar payouts as the competitors, but there are no startup fees, monthly fees or minimum volume commitments.

Fortumo also currently offers a powerful Mobile Payments API for developers, and promises to support in-app billing for Java and BlackBerry applications shortly.

Typical Fortumo customers are online game portals, mobile application developers, social networks and other internet entrepreneurs. Since its launch in 2007, Fortumo has acquired over 41,000 registered service providers who have created over 120,000 mobile payment services, which are currently available for about 1.5 billion mobile subscribers on 4 continents.

Fortumo is available in 40 countries globally. Fortumo’s service covers all the major countries of Western Europe (UK, France, Germany, Spain, etc.), United States, Eastern Europe (Russia, Ukraine, Poland, Czech Republic, Romania, Bulgaria, etc.), Northern Europe (Finland, Sweden, Norway, Denmark) and Asia (China, Malaysia, Indonesia, etc.). Fortumo is expected to reach 50 countries by the end of 2010, launching in Latin America and Africa shortly.

Fortumo Ltd, founded in 2007 with offices in Europe (Tartu, Estonia) and US (Sunnyvale, California), provides a simple mobile payment platform for internet entrepreneurs and app developers to monetize online games, social networks and mobile applications. In 2009, Mobile Monday awarded Fortumo as one of the TOP20 mobile startups in the world and TechCrunch features Fortumo in its list of the TOP100 most interesting startups in Europe. Fortumo is available at http://fortumo.com

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