Image via CrunchBaseMUNICH & PALO ALTO, Calif.--(BUSINESS WIRE)--mopay, a global leader in innovative payment solutions for online merchants, today announced record global growth in 2010 following the launch of its official U.S. headquarters in Palo Alto, Calif. This past year, mopay added 150 new merchants globally, with the U.S. already accounting for 15 percent of all new merchant signups. Additionally, the company added 20 countries to its coverage list – resulting in a leading 80 countries covered – to maintain its global number-one position in terms of country coverage for mobile payments.
“For mopay, 2010 has been a year of explosive growth and success that resulted in significant momentum for the company both in the U.S. and abroad. Major social networks now use mopay to effectively monetize their users”
mopay made significant advancements in terms of technology in 2010, extending its existing mobile payment solutions portfolio to landline payments with the launch of mopay call, a new solution that enables social networking and gaming providers to offer even more payment options to their customers. The company also launched mopay 2go to address the exploding mobile apps market in Europe, the U.S. and APAC.
“For mopay, 2010 has been a year of explosive growth and success that resulted in significant momentum for the company both in the U.S. and abroad. Major social networks now use mopay to effectively monetize their users,” said Kolja Reiss, Managing Director of mopay. “The mobile payments industry is very competitive, especially as the popularity of the technology continues to grow around the world. mopay’s history of innovation and success helped us rapidly position ourselves as a force to be reckoned with in the U.S. and we look forward to continuing to grow our footprint and advocate for mobile payments in the year ahead.”
mopay is poised for even greater success in the coming year with a major focus on achieving significant double-digit growth again in 2011 – for the U.S. market an impressive growth of up to 500 percent is expected. Further, the company is planning to open several additional new offices internationally and will be launching major new solutions in the first and second quarters of 2011.
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 Germany, Austria, the United Kingdom and the United States. For more information, visit www.mopay.com.
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