Mobilians International and NHN USA Sign Deal to Launch Phone-based Payments for Online Gaming Purchases
New payment option opens doors for U.S. online gaming users
FOR IMMEDIATE RELEASE
Herndon, VA - February 11, 2008 - Mobilians International, Inc., the online and mobile payments innovator, and NHN USA today announced an agreement to launch a new payment service that will provide NHN USA's online gaming customers the ability to make secure online purchases without the use of credit cards or any special accounts. The service is provided through Mobilians' phone-based payment gateway and systems in conjunction with PaymentOne Corporation. The agreement marks a significant milestone for both companies as they push to expand services into the U.S. marketplace.
NHN USA Customers will soon be able to charge online gaming items and subscriptions to their monthly phone bill. Primarily targeted at consumers who do not have credit cards and parents of youth who want piece of mind of making secure purchases without using their credit cards, this new service is expected to open new market opportunities for online companies that service consumers in the 14- to 30-year-old demographic.
"Many of our younger customers are unable to buy online as most don't have ready access to traditional payment methods and only a few are consistently using other online payment alternatives," says Whon Namkoong, chief executive officer of NHN USA. "By utilizing Mobilians payments services over time we expect to see a sizable amount of new customers and drive revenue from our existing base of gaming subscribers."
"We are very pleased to introduce the first phase of our payment platform in the U.S. with NHN to help drive sales of their innovative online gaming products in the U.S.," says Pragnesh Shah, president and chief executive officer of Mobilians International. "It brings opportunities for new customers to NHN and marks the commercial launch of our core transaction and settlement systems."
Both companies are the U.S. entities of highly successful South Korean firms that are leaders in their respective segments. NHN Corporation is not only the number one internet company in South Korea, it also operates the leading game portals in China and Japan. Mobilians Co. Ltd. is the leading mobile payments solutions provider of its kind in Asia and is based in Seoul, South Korea.
About Mobilians International
Mobilians International, Inc. is a leading mobile payments and e-commerce company that provides secure, easy-to-use payment methods for online purchases without the need for credit cards--simply by using mobile phones and mobile phone accounts. Its MobiCash product drives revenue growth and lowers shopping cart abandonment rates for targeted online merchants selling digital and physical goods, by providing customers a quick, hassle-free way to make purchases. Mobilians partners with postpaid and prepaid wireless carriers and other billing providers to deliver new incremental revenue streams while increasing customer retention. It utilizes robust and proven real time fraud management software systems to minimize risk for mobile service providers, merchants and consumers. Mobilians International is an independent U.S. corporation, with headquarters outside of Washington, D.C. and offices in San Jose, Calif. It is backed by the number-one mobile payments provider of its kind in Asia, publicly traded Mobilians Co., Ltd. of Korea. For more information, visit www.mobiliansinc.com.
About NHN USA
Headquartered in Irvine, Calif., NHN USA is a subsidiary of NHN - a multi-national powerhouse operating a search engine-based portal and multiple game sites which has elevated NHN to become the leading Internet company in Korea, and a provider of the leading game destinations in Japan and China. NHN USA's ijji.com is a premier internet game destination, offering a full range of casual to serious multiplayer titles including action games such as GUNZ, Soldier Front, Gunbound Revolution and popular puzzle, card, board games including Royal Chess, Rounders Poker and GoStop. All of these titles and more are available and FREE to play on ijji.com.
Media Contacts:
Jennifer Abelson, 917-445-4454
Abelson Group for Mobilians
jennifer@abelsongroup.com
Robin John Rosales, 949-863-1292, x250
NHN USA, Inc.