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Zong

Welcome to the News View for "Zong".

Here, on these archive pages, you'll find all of the articles on Payments News for Zong listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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August 02, 2011

T-Mobile USA to Extend Direct Carrier Billing to Digital Content and Services

T mobile logo 140x60T-Mobile USA has announced Direct Carrier Billing, "a nationwide purchasing program to provide customers the convenience of securely purchasing digital content and services from their web-enabled device. With Direct Carrier Billing, T-Mobile customers can conveniently charge online purchases of digital games, gaming and social networking credits, music, videos and other digital content offerings directly to their existing T-Mobile account right from the Web browser of their connected device – whether a PC, smartphone, netbook or tablet."

T-Mobile Direct Carrier Billing is initially available via BilltoMobile, Boku, OpenMarket, Payfone, and Zong.

July 07, 2011

PayPal to Acquire Zong

PayPal logo 140pxeBay announced today that it has agreed to acquire Zong for approximately $240 million in cash.

Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services in 21 languages and 45 countries. Combined with PayPal’s leading global payment platform serving 100 million active accounts worldwide, the company expects that Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.

Commentary from Scott Thompson (PayPal President), David Marcus (Zong CEO), and TechCrunch.

May 18, 2011

March 31, 2011

Introducing the Zong Payments Index (ZPI)

Zong logo 140pxThe Zong Payment Index (ZPI) is designed to track the bill-to-mobile spending patterns of Zong’s global user base, broken out by its top 40 markets.

The ZPI reflects three factors: (1) consumer’s willingness to use their mobile phone to buy digital goods online; (2) the consumer’s ability to use their mobile phone to make purchases as determined by mobile operator policies (e.g., spending limits, price points, etc); and (3) the cost of mobile payments as determined by mobile operators’ fees which sometimes result in consumer surcharging.
The global aggregate index shows that the average monthly spend using Zong is up 37% in the last 12 months.

March 17, 2011

Zong Expands Mobile Payments Platform to any Connected Device

Zong logo 140pxZong has announced an expansion of its mobile payments platform to more application platforms and remote devices.

Previously available for HTML and on Android, developers can now integrate Zong’s simple mobile payments service in nearly any environment, including Flash, Unity, Interactive TV, gaming consoles, and the mobile web.
Zong enables consumers to bill online purchases to their monthly mobile phone bill or prepaid mobile account.

December 08, 2010

October 28, 2010

AT&T Launches Multi-Partner Direct Mobile Billing Trial

AT&T-logo-114px.png BilltoMobile (announcement), BOKU (announcemnet), and Zong (announcement) are all working with with AT&T to provide direct mobile billing payment services to AT&T’s wireless subscribers – enabling customers to charge digital content purchases made online directly to their existing wireless service account.

This is the second direct mobile billing agreement with a major carrier that BilltoMobile has announced this year - the company announced a similar integration with Verizon in March - and the first for BOKU and Zong.

June 02, 2010

Zong Announces Beta of One-Click Mobile Payment Solution for Android

ZongZong has announced what it calls "the first one-click mobile payment solution for Android" and has opened a private beta for Android developers to integrate this payment option into their applications. According to the company, "the new payment solution creates a seamless experience for users who can now make a purchase within an application with just one click; no registration or log-in is required. The Zong platform automatically verifies the user, bills their mobile phone account and returns them to their application or game without delay." READ MORE »

April 27, 2010

Zong Closes $15 Million Financing Led By Matrix Partners

Zong_logo-140px.jpgZong has announced that it has completed a $15 million round of funding led by Matrix Partners. Formerly a division of Echovox, Zong is now a standalone company headquartered in Palo Alto and will use the investment to further market leadership by accelerating the growth of its merchant network in US and international markets and through funding the rapid expansion of its mobile carrier network.

Dana Stalder, general partner of Matrix, will join Zong’s board of directors. He has extensive knowledge in financial services and ecommerce, having served in executive positions at Netscape, eBay and PayPal. Stalder also initiated a number of other startup projects, including PayPal Mobile and the PayPal Developer Platform. READ MORE »

October 29, 2009

More on Zong+

Zong has officially announced the launch Zong+, calling it "the first online mobile payment platform combining carrier billing with credit, debit and prepaid cards. Now, in addition to making online purchases through their cell phone bill, Zong customers will also be able to link any type of payment card to their Zong account through a one-time entry process and continue to purchase goods by simply entering their mobile number and confirming the security transaction code sent to their phone." READ MORE »

Zong Introduces Zong+ Allowing Billing to Payment Cards

Zong_logo-140px.jpgTechCrunch reports on the introduction of Zong+, an extension to its original model of billing small purchases to your cell phone account that adds the ability to make purchases from a payment card account linked to your mobile number by Zong.

Zong+ allows consumers to make larger transactions -over $9.99. Merchants/publishers will benefit from lower fees and more timely settlement on Zong+ transactions because the mobile operator isn't getting a piece of the transaction amounts. Consumers benefit from being able to use their existing payment cards and while earning rewards, etc.

September 16, 2009

Just How Hot Are Virtual Currencies and Mobile Payments?

Zong_logo-140px.jpgTake a look at the Inside Facebook blog and the ads from its sponsors - including Zong, SuperRewards, Allpass, PaymentPin and OfferPal.

Also, notice the survey results discussed in this article - none of the major consumer credit card companies or issuers made the top 10!

Have you signed up to use virtual currency or pay for digital goods using your mobile phone?

August 25, 2009

June 21, 2009

A Look at Mobile Payments via Cellphone

mobilepayments-140px.jpgIn an article titled "Investors Bet on Payments via Cellphone", Claire Cain Miller and Matt Richtel write for the New York Times about Obopay (and MasterCard's MoneySend launched last week with Obopay), Boku, Zong and PayPal.

[Editor's note: one facet of a couple of these services that the article's authors fail to note is the cost of payment acceptance - and how that cost varies from service to service. In some segments - such as virtual goods where merchants have a close to zero cost of goods sold - merchants can afford to pay a lot to gain widespread acceptance on cell phones. Other merchants, with real costs of goods sold, would find the costs of these approaches out of the question. There's a similar story when it comes to person-to-person money transfer. For domestic transfers in the US, there's a certain cost sensitivity. For international remittances involving currency conversion, on the other hand, there's a much greater opportunity to price for value. Need help understanding all of this? Drop us a note here!]

January 13, 2009

A Look at Zong, Mobillcash

In an article on TechCrunch titled "Mobile Payments Getting Traction On Social Networks, But Fees Are Sky High", Michael Arrington takes a look at the SMS-based mobile payments companies Zong and Mobillcash. He writes: "Lots of merchants and application developers would love to take mobile payments, but paying 40% or more of the transaction to the carriers is a non-starter." READ MORE »

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