What they do:
Mobile payments product
With the philosophy that mobile should make consumer lives easier, Paddle seeks to create the best payment experience which is not only secure, but personal as well.
The Paddle app securely stores user’s credit card and delivery details so they can be used in seconds without needing to fill out forms or login with usernames and passwords. This app can be used to make purchases from any browser, whether that’s on a laptop, tablet, mobile or even smart TV. Paddle integrates with existing eCommerce sites and does not require any change of business process for retailers.
Marks & Spencer have committed to running a trial for Paddle. In 12 months time, Paddle hopes to be signed up with 12 of the 20 largest online retailers in the UK and have already started making first impressions on the US and European markets.