Mobile Payment and Beyond
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Mobile Payments in Finland
Finland: General Information
| Population: | 5,300,648 (2007) | ||||||||||||||
| Currency: | EUR (1 EUR = ~3.97 RM) | ||||||||||||||
| More info: | Finland | ||||||||||||||
| Mobile operators: | Elisa, Sonera, DNA, Saunalahti, AMT, Tele Finland | ||||||||||||||
Mobile Operators Market Share
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| Billing: |
MO-billing (Sonera, Tele Finland) and MT-billing (Elisa, DNA, Saunalahti, AMT)
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MO- and MT- billing are the two methods how carriers charge users. With MO-billing (Mobile Originating Billing), operators charge for the sent message. In this case, users are billed at the moment when they sent out SMS. With MT-billing (Mobile Terminating Billing), operators charge for the reply-message sent back to the user. In this case, users are billed only when they receive the reply-message (also known as reverse billing).
Finland: Payouts
| Price (EUR) incl. VAT | 0.50 | 1.00 | 1.30 | 2.00 | 2.50 | 5.00 |
|---|---|---|---|---|---|---|
| Price (EUR) excl. VAT | 0.41 | 0.81 | 1.06 | 1.63 | 2.03 | 4.07 |
| 25% | 45% | 45% | 55% | 55% | 60% | |
| 20% | 40% | 40% | 50% | 50% | 55% |
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The table above shows your revenue after the operator's share, Fortumo commission and the costs of sending the users a reply SMSMobile operator takes a revenue share on each transaction for handling billing, collecting money and covering credit risk. The operators then pay the remaining money (usually between 40% and 60% depending on end-user price) to Fortumo. Fortumo pays you the money received from operators minus a small commission (which can be only 2-3% of end-user price, depending on country, type of service and volume). The table above shows your revenue after the operator's share and Fortumo commission.
- Presented revenue share is calculated from the Price excl. VAT (23%).
- Price presented to end user is Price incl. VAT (example: 5.00 EUR)
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Payout cycle in Finland is 2 monthsFortumo pays you money immediately after we have received it from the mobile operators. Operators in different countries pay at different speeds. Payout cycle of 2 months means that the revenue earned by your services in January will be transferred to you in the first half of April.
After the initial waiting period, you would get a payout each month, as your February money arrives in May, March money in June, etc.
January February March April1. Your services earn revenue
2. Operators pay money to Fortumo
3. Fortumo pays money to you
Finland: Rules and Restrictions
- The service must be in compliance with Fortumo Terms of Service, Finnish legal acts and good morals.
- The end user price must be clearly stated in the advertisements and instructions of use.
- The service must comply with Mapel.
- Adult content (incl. erotics) is allowed only on special shortcodes (after answering "yes" to the question about erotics during service creation)
- Gambling and lottery related services are strictly forbidden.
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Coverage & Payouts
Fortumo is available in 44 countries
Click on a flag to view more information, payouts and regulations about a specific country:
Central and Eastern Europe
Western Europe
| Terms of Service | asia@fortumo.com |