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WirelessDevNet.com Press Release
Penté Group and Playspan Bring Branded Virtual Currency Platform to Leading Merchants
SANTA CLARA, CALIF. & MONTREAL – Penté Group Inc., leading developer of games, applications, websites and social media applications, and PlaySpan, the global leader in monetization solutions for online games, virtual worlds, and social networks, today announced a full service payment solution for Penté Group clients and partners encompassing both white label and a branded virtual currency wallet for micro transactions of virtual/digital goods.
Penté Group is one of the first interactive companies to bring a branded virtual currency to a mobile platform. UltimatePay will facilitate commerce payments for Penté Group clients requiring this type of service by providing a reliable and proven global payment solution.
“PlaySpan’s track record says enough about what they can accomplish in such a short period of time,” said Basil Bouraropoulos, CEO of Penté Group Inc. “The team is really eager to adapt this platform to some of our high traffic celebrity driven mobile and social applications.”
Funding sources for rapidly growing and technology driven Penté Group, will include over 85 global payment methods such as credit card, PayPal, mobile providers, prepaid cards, as well as alternate and international payment methods and will cover 180 countries. The payment platform will be embedded, or iframed inside the Penté Group application so that Penté Group merchants can enable UlitmatePay seamlessly and with little to no effort once they have established an UltimatePay account.
“Our relationship with the Penté Group is a major step forward for PlaySpan and our ability to service a growing number of international merchants and celebrity accounts,” said Karl Mehta, Founder & CEO of PlaySpan, “The agreement also represents a larger industry trend and the growing acceptance of alternative payment methods as a way for today’s leading merchants to reach a growing population of consumers who are turning to virtual currency for their online and mobile purchases.”
In addition to facilitating commerce transactions, UltimatePay will provide simple, a comprehensive developer analytics console, consolidated reporting, and monthly settlement for all payment methods to Penté Group clients. PlaySpan will also act as the merchant of record on behalf of Penté Group’s clients who use the UltimatePay service.
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