November 02, 2011 11:00 AM Eastern Daylight Time
MIAMI BEACH, Fla.--(BUSINESS WIRE)--SafetyPay™, a secure payment provider serving online shoppers, merchants and banks worldwide, today announced a partnership with California-based PlaySpan, a Visa company (NYSE: V), and leader in monetization solutions, online games, social networks and online videos.
“PlaySpan is leading the way when it comes to providing social networking, gaming and in-app payment capabilities”
Under terms of the agreement, PlaySpan’s UltimatePay Merchants will now be able to offer SafetyPay as an online payment option for their digital goods and services. SafetyPay allows Central and South American online shoppers to securely pay for goods and services in local currency directly from their online bank accounts - no credit or debit cards required. Customers will now have easier access to more than 1,000 digital goods merchants from many leading global brands.
“We see this as a bridge to a whole new audience for PlaySpan and our customers,” said Karl Mehta, CEO of PlaySpan. “SafetyPay has significant penetration into the growing Latin American market, and their service makes purchases of digital goods more accessible to that base. We are very enthusiastic about the opportunities this will bring to our customers.”
“PlaySpan is leading the way when it comes to providing social networking, gaming and in-app payment capabilities,” said Manuel Montero, CEO of SafetyPay. “As such, PlaySpan is an ideal partner for SafetyPay and I am excited about the opportunities that our new partnership presents.”
About SafetyPay
SafetyPay is a global, safe and secure online payment solution that enables online banking customers to make internet purchases from merchants worldwide, and pay directly from their local bank account in their local currency. The company was developed in response to the growing need for a safe and secure online payment method. It is an innovative, patent-pending e-payment process that operates as a global clearinghouse. It adds value to all participating parties - banks, merchants and consumers. SafetyPay eliminates fraud and identity theft risk for consumers, provides banks with an additional revenue stream and cross promotional opportunities, and expands their merchants' customer base with an international reach of more than 100 million potential banking customers. Customers are never required to disclose any financial information. For more information, go to www.safetypay.com.
About PlaySpan Inc.
PlaySpan, a wholly-owned subsidiary of Visa Inc. (NYSE:V) provides a global payments solution through its UltimatePay product, which enables users to make safe, convenient and friendly in-app purchases using over 85 global payment methods in 180 countries. UltimatePay includes PlaySpan’s Ultimate Game Card, the #1 selling multi-game prepaid card, available in more than 55,000 retail locations across North America and found at popular prepaid Kiosks worldwide. The company has won 12 awards during the past three years and was honored by 2010 OnMedia Top 100, and the AlwaysOn Global 250. Karl Mehta, won the 2010 Ernst & Young Entrepreneur of Year Award for Northern California, and was named to Business Insider’s Digital 100 for 2010.
