No one seems to have told direct carrier biller PaymentOne that mobile payments hasn't arrived yet. The company announced today that is has surpassed $5 billion in micro-payment transactions and incremental revenue generation for its digital clients.

PaymentOne offers online content creators, app developers and digital merchants the ability to monetize their wares by letting consumers place their charges on their mobile phone, fixed-line or broadband service bills.

"Previously, merchants and publishers were not able to reach the many consumers that could not or would not transact with traditional credit cards online," said Brad Singer, executive vice president of PaymentOne.

"For the more than 5 billion global consumers with a mobile device, fixed-line or broadband connection, PaymentOne says 'put your wallet away' and use your phone number to pay," Singer added.

Direct carrier billing services are especially important payment methods for social media and gaming sites where consumers may be unwilling or unable to provide credit or debit cards for payment.

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