Once again, we’re packaging some of the top news of the week in a quick-to-digest video format. If you missed some of the big tech stories this week, TechCrunched gives you the highlights. Take a look, have a listen and let us know what you think. Also, be sure to visit the below links for additional insights. → Read More
Zong has been one of the pioneers in the mobile payments space, adding a compelling new way for consumers to pay for items online. Simply put, it lets you pay for things, particularly virtual goods online, via direct billing to your mobile phone. The company has steadily grown its offering through new products, major funding, deals with Facebook, and more. Today, Zong is expanding its mobile… → Read More
After announcing direct relationships with AT&T, Zong, Boku are announcing relationships with Verizon through mobile payments operator BillToMobile (MoPay, another competitor in the space also has a partnership with BillToMobile).
So why is this important? Historically, mobile payments companies face the challenge of lofty carrier rates. Wireless carriers have charged roughly 30% to 40% to… → Read More
There’s been much hype, crazy valuations, and overall market excitement about businesses that promise to unleash the power of the social graph, location, recommendations and group buying. Facebook’s latest valuation according to SecondMarket is now about $30 billion, Foursquare raised $20 million at a post-money valuation of $115 million while still at a pre-revenue stage, Yelp, short of… → Read More
Fresh off an announcement of a strategic investment from VC firm Andreessen Horowitz, mobile payments platform Boku is taking its mobile strategy one step further by launching an in-app mobile billing library for Android.
Recently-launched mobile payments startup, Boku, has announced that they have received a strategic investment from VC firm Andreessen Horowitz. Boku has declined to reveal the funding amount from this round, but to date the company has raised a whopping $38 million since its launch a year ago. As part of the deal, Marc Andreessen and Ben Horowitz will also take on an advisory role for Boku.
Boku… → Read More
We’ve been tracking mobile payments provider Zong since 2008 – in a nutshell, it lets you pay for things, particularly virtual goods online, via direct billing to your mobile phone. Despite heavy competition from well-backed boku, the service has emerged as a leader in alternative payments. Facebook likes them so much they made them the mobile payment provider for Facebook Credits.
See our post … → Read More
Mobile payments for micro-transactions on the web are steadily gaining traction. This morning, the space received more validation as several prominent venture capital firms made a significant a investment in recently launched mobile payments startup, Boku. Boku has raised $25 million in Series C funding led by DAG Ventures with previous investors Benchmark Capital, Index Ventures, and Khosla… → Read More
Zong has seen tremendous growth over the past year from when the company debuted its mobile payments service from the TechCrunch50 demo pit. Zong’s model of billing micropayments to your cell phone bill caught our eye and sure enough, less than one year later, the startup is picking up serious traction, including a partnership with Facebook to power the purchase of the social network’s new… → Read More
Over the past year, we’ve written frequently about mobile payments startups and the potential future of this technology. Rivals Zong and Boku both offer essentially the same service—the ability to make a payment for a micro-transactions via your mobile phone. And both companies have been growing steadily, with Boku making acquisitions and expanding internationally and Zong picking up traction… → Read More
Mobile payments for micro-transactions on the web are catching wind and there are several players in the space vying for the top spot in the field. Today, Boku, a recently launched mobile payments conglomorate of sorts, is announcing a slew of new customer acquisitions as well as details of its international expansion.
While advertising revenues have been disappointingly low for most applications on Facebook and other social networks, another option app developers are increasingly turning towards is micropayments for virtual goods or premium features. Both Facebook and MySpace have admitted that they are working on their own payment systems, and Apple could play a role as well since it already has a payment… → Read More
Global mobile payments network Paymo and social network hi5 have partnered to let members in 24 countries use their mobile phones to purchase hi5 Coins, hi5’s virtual currency. Countries where Paymo will be made available to hi5 users include the U.S., Canada, France, Hong Kong, Thailand, Russia and Colombia.
Paymo’s mobile payment system doesn’t require users to have a credit card or bank… → Read More
Users are increasingly choosing dead simple SMS mobile payments for micro-transactions on social network applications and gaming sites (it fills the void while they wait for more direct options), but super-high transaction fees are limiting growth.
The problem is that legacy transactions – specifically scams that give users a “free” ring tone with the fine print mentioning a monthly charge as… → Read More
Mobile payments startup Zong, which is one of our DemoPit companies at TechCrunch50, thinks it has the answer to micro-payments on the Web for social apps like gaming, dating and classifieds. It uses your mobile phone as a way to pay for things such as virtual goods in Facebook apps.
The way it works is that you enter your mobile phone number to pay for something on the Web, maybe a virtual… → Read More
Loren Feldman’s puppet video show, which parodies a video interview show run by Shel Israel called Global Neighborhoods, has landed an official sponsor, Feldman says. Meanwhile, Global Neighborhoods itself remains sponsorless. In the videos, a naked puppet interviews people (or other puppets) to talk about “social media,” making fun of Israel’s interview style. The puppet… → Read More