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A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 (the typical age of contractual .)
TracFone Wireless was established in 1996 as Topp Telecom Inc., a prepaid mobile phone company, in Miami, Florida. It was founded by David Topp and F.J. Pollak. Pollak acted as the CEO of Tracfone until his death in 2016. [2] In February 1999, Topp received a major infusion of capital from Telmex, Mexico's largest telephone company. Telmex paid ...
According to a recent report from NPD, prepaid smartphones are increasing in popularity with U.S. consumers. In the first quarter, prepaid smartphones represented 32% of all smartphone sales, an ...
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On July 29, 2008, Palm announced they have sold over two million Centros. [12] According to AdMob, as of August 2008, the Palm Centro was the second-ranked US smartphone based on internet traffic, responsible for 78% of the traffic on Palm devices; [13] it fell to fourth in February 2009, responsible for 86% of Palm traffic. [14]
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