July 11, 2014 11:29 PM ET

Software

Company Overview of mopay Inc.

Company Overview

mopay Inc. provides payment solutions for online merchants worldwide. Its platform enables merchants of virtual, digital, and physical goods to bill charges directly to consumers’ cell phone and land line accounts. The company was incorporated in 2010 and is based in Palo Alto, California with offices in London, United Kingdom and Munich, Germany. It has locations in Germany, Austria, the United Kingdom, the United States, China, Brazil, and Romania. mopay Inc. operates as a subsidiary of MindMatics AG.

855 El Camino Real

Suite 317

Palo Alto, CA 94301

United States

Founded in 2010

Phone:

650-641-8981

Fax:

650-641-8982

Key Executives for mopay Inc.

Chairman and Chief Executive Officer
Managing Director
Chief Financial Officer and Director
Chief Technology Officer and Director
Chief Information Officer
Compensation as of Fiscal Year 2014.

mopay Inc. Key Developments

mopay Signs Global Carrier Billing Contract with Chukong Technologies

mopay announced the signing of a global carrier billing deal with Chukong Technologies. The Beijing-based company has decided to integrate mopay's Android software development kit solution as an essential element in the overall billing module for game developers worldwide. The mopay interface will serve as Chukong's Android default solut 3ion for a consumer that wants to pay for digital goods and services via carrier billing. Chukong operates an innovative mobile entertainment platform, offering a full suite of solutions and services that enable developers worldwide to efficiently develop, publish and monetize content and provide a highly engaging mobile entertainment experience to mobile users. For mobile content developers, Chukong provides the ability to develop popular content with high efficiency and publish and monetize their content with ease. The suite of solutions and services consists of Cocos open-source engines; a content design toolkit; and content publishing services, such as game operation, payment service, content localization, data analytics, technical support, and advertising service. As a result, Chukong has become a trusted publishing partner for leading mobile content developers in China, and it published three out of the top four mobile games in China in 2013. Chukong has selected mopay's carrier billing solution for Android to serve as a frictionless carrier billing engine for consumers who want to pay via their mobile phone bills. It is integrated into Chukong's generic billing module, which supports the most popular regional billing methods for all of its publishing territories.

mopay Enters into Indian Carrier Billing Market with an HTML5 in-App Billing Solution

mopay announced its entry into the Indian market with an HTML5 in-app billing solution. The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States. By mid-2014, 185 million users in India will have Internet-enabled devices, growing 20% on a quarter-on-quarter basis. While the penetration rate is increasing rapidly, the user experience with mobile transactions is still very traditional and relies on sending premium text messages to a short code within the messaging app. mopay wants to drastically improve this cumbersome payment process via an HTML5 browser interface, which is ideal for in-app payments. A direct billing interface that supports 75% of the Indian carrier landscape enables a frictionless mobile payment experience in line with western standards. Even if the carrier network is unavailable, mopay's solution still works if the device is connected to a WiFi network. Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services. Consequently smart phone sales have skyrocketed and triggered the demand for both free- and paid-content services, such as games, music, video, and community memberships. Direct carrier billing is the logical answer to the growing need for fast and easy payment, and it has put mopay's solution at the forefront of the growing transaction business with digital content.

Mopay Signs Carrier Billing Partnership with Baidu Mobile Game

Mopay has signed a carrier billing partnership with Baidu Mobile Game. Under the terms of the contract, mopay will be the preferred carrier billing provider for mobile games, which are distributed by the Baidu Mobile Game platform.

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