mopay and paymentez Forge Strategic Mobile Payments Partnership

mopay, a global leader in innovative payment solutions for online merchants, today announced a strategic partnership with paymentez, the leading Latin American alternative payments network based in Brazil. mopay will add a direct carrier billing method for single and recurring online payments to paymentez’ existing payment methods, including an in-app solution for the Android platform.

paymentez is a monetization platform processing micro-transactions for virtual goods and content via online and offline payment methods including credit card, virtual currencies, game cards and cash. The company’s services are available across all of Latin America, generating more than 650 transactions per second. After implementation with the network, mopay will be available as an in-game payment method in more than 30 of the most popular online and social games in Latin America. mopay will also be the mobile payments method for users looking to stock up on the tremendously popular paymentez PINS, the company’s virtual currency.

“At paymentez we are constantly working to develop the best shopping experience for our users and maximum performance for our clients. Since Latin America has a very high mobile penetration rate, offering a mobile payments method is key to achieving both,” said Juan Franco, CEO and founder of paymentez. “With mopay we are able to offer a fast, easy and secure mobile payment method to our international user base. mopay’s customizable payments platform, its global reach and broad expertise make it the perfect fit to further optimize our growing payments network.”

mopay adds a very easy-to-use and secure payment option with virtually 100 percent reach to the existing portfolio of payment methods available at paymentez. Purchasing in-game items or PINS, consumers simply provide their mobile phone number in the payment window online, and confirm the payment by entering the PIN they received via SMS. The purchase will then be billed directly to the user’s mobile phone account.

“With more than four-million registered users, paymentez is the leading Latin American payments network. As a trusted provider of alternative payment solutions, the company needed a partner that could help expand its offerings with a mobile payments option and mopay was the clear choice,” said Kolja Reiss, Managing Director of mopay Inc. “Latin America ranks among the fastest growing online gaming markets worldwide. While global ecommerce will grow by more than 90 percent by 2014, expectations for Latin American e commerce is twice this size. The virtual goods market in Latin America is expected to reach $624 million by then, creating the perfect conditions for this partnership to thrive.”

paymentez and mopay will be exhibiting at Casual Connect Europe 2012 in Hamburg, at booth G12, starting February 7, 2012.

About mopay:

mopay is a global leader in innovative payment solutions for online merchants. mopay’s core platform enables merchants of virtual, digital and physical goods to bill charges directly to consumers’ cell phone and land line accounts. mopay operates in more than 80 countries across the globe, reaching more than 3.3 billion consumers. The company has a blue-chip customer base including major brands such as Bigpoint, Gameforge, Innogames, Sulake and Travian. mopay, part of the MindMatics group, has more than 100 employees at locations in the United States, Germany, Austria, the United Kingdom, China and Brazil. For more information, visit www.mopay.com.

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the November 2019 Mobile Order-Ahead Report, PYMNTS talks with Dan Wheeler, Wahlburgers’ SVP, on how the QSR balances security and seamlessness to secure its recently launched WahlClub loyalty program.

Click to comment

TRENDING RIGHT NOW