Tuesday, April 7, 2009

PaymentPin.com Lands Nexopia Deal

Congrats both! And thanks to Darren for the info.

"Leading Canadian Social Network Significantly Increases Revenue Through Addition of Alternate Payment Solution

(Montreal, Canada) PaymentPin.com is pleased to announce the successful activation of their micro-payment processing platform with Nexopia.com. Nexopia is one of Canada’s largest social networks, extremely popular among the teen and tween generations, that chose to leverage both the phone line and mobile billing solutions to unlock a previously un-served customer segment. “Let’s face it. Teenagers don’t have credit cards. It has been great working with the folks at Nexopia to help them open up this new revenue channel considering their younger demographics. We are witnessing rapid growth in social networks as phone line or mobile payments gain traction which only parallels what we’re seeing for dating and gaming as well. Our partnership with Nexopia is a natural fit. We are really happy the chose to work with us.” Malik Yacoubi the CEO of PaymentPin.com says. “Integrating our API with them was not complicated and saw us even further adapting our tech to be an easy plug in for ruby on rails systems.” He continues.

Kevin Swan, the Director of Product for Nexopia.com says, “Out of the gate our results were phenomenal. Our users told us this was right up their alley and we witnessed 3 to 4 times our regular amount of sales in the first week alone. This platform has opened up a whole new door to micro-transactions that we had considered many times before yet never had a suitable partner to access it with. We are looking towards further geographic expansion across North America since PaymentPin gives us the price point options and coverage to do so.”

About PaymentPin.com:

PaymentPin is a preferred solution for phone line and mobile micro-payment billing for websites in Canada, the US and overseas. They offer a fully secure infrastructure, varied price points and attractive payouts to website owners.

About Nexopia.com:

Nexopia is the number one place for Canadian youth to connect online. Launched in February 2003 by 19 year-old student Timo Ewalds, the site’s user base has expanded to over 1.4 million strong and growing daily. Nexopia enables its users to create and design their own profiles, friends list, blogs, galleries, articles, and forums. These features are uniquely presented to specifically engage teens to be active and expressive. The site is staffed by a young team whom are experts in teen culture and stay closely connected to their users.

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