Mobile Interactive Group (MIG) this morning announced that it has acquired global mobile payments business Zaypay, a startup based in Amsterdam, The Netherlands. MIG says it will continue to operate Zaypay as a standalone business, but declined to disclose financial terms of the agreement, other than to reveal that it was an all-cash deal.
Zaypay enables third-party developers to process international micropayments through SMS, phone calls, in-app and other alternative payment methods. ZayPay was founded by Dutch entrepreneur Adriaan Mol (27) in 2006 and is currently operational in 44 countries.
Zaypay offers gaming companies a unique portfolio of billing methods including: premium sms, premium rate numbers and content billing. Using Zaypay avoids the complexity of dealing with different mobile operators, technologies, and transaction management methods. Merchants receive extensive financial and technical data on their platform, leaving the hassle of processing, checking and collecting to Zaypay. With our innovative payment gateway, merchants can bill customers worldwide directly on their mobile or fixed line phone.
Mobile Interactive Group (MIG) is a global integrated mobile and digital communications business and is the fastest growing privately owned technology company in the UK and EMEA (Deloitte). Comprising a unique combination of services, MIG specialist disciplines include mobile technology and services provision; mobile billing, messaging and mCommerce; mobile advertising and marketing; multi-channel digital solutions; the design, build and publishing of mobile internet sites and applications, and user experience design. All platforms, products and applications are developed inâ€“house and are MIGâ€™s...