Mobile phone recycler Mazuma has paid out £35 million to end users since it launched in January 2007. Mazuma said the number of mobile phones it receives for recycling each month has increased since May from 100,000 to 150,000, and will jump 200,000 by January.
Mazuma managing director Charlo Carabott (pictured) said: “January will naturally bring in an increase in recycled handsets. Christmas through to January is the biggest time for consumer recycling as customers look to get a bit of extra cash after the Christmas period.”
Meanwhile, Mazuma has scaled back its European expansion plans. None of its planned European sites have launched.