Applabs invests a combination of cash and securities to acquire a 4.48% stake in PAY2DAY Solutions Inc. (PAY2DAY) www.pay2daysolutions.com provides Electronic Notification, Bill Presentment and Payments via a proprietary SMS Text message system.
PAY2DAY’s advisory board includes Senior Executives from industry leaders such as Apple, PayPal and Bank of America
PAY2DAY is an easy, subscription-based tool that allows customers to pay bills using SMS technology. The system is capable of reducing average invoice processing costs by as much as 500%.
PAY2DAY is partnering with Telescope Inc., a cross-channel SaaS platform that manages over 1.5 billion consumer mobile and digital interactions every year for clients including American Idol, NBC Universal, CBS, Scripps, Cricket Wireless and Sprint.
The market potential for text-based billing is enormous - over 21 billion consumer bills are processed every year in the USA alone.
