Mobile Streams plc Mobile Streams break new ground in India
October 11 2018 - 1:00AM
RNS Non-Regulatory
TIDMMOS
Mobile Streams plc
11 October 2018
Mobile Streams break new ground in India with new payment
gateway
London, United Kingdom - 11 Oct 2018 - Global mobile content
retailer, Mobile Streams, today announces the association with one
of the largest payment gateway providers in India which enables
customers to pay for mobile content via credit/debit card,
e-wallets and their mobile accounts.
Mobile Streams launched their mobilegaming.com subscription
service in India in 2016 and are working with local telecom
operators to charge customers via prepaid and post-paid mobile
accounts.
Association with the payment gateway will enable Mobile Streams
to generate revenue from customers on networks with no billing
connection and users with low or zero balance prepaid wallets.
Following the government initiative "Cashless India", India is
gradually moving to a cashless society with digital wallets
becoming standard practice for payments.
Based on India's current growth trajectory, the country could
boast a $1 trillion market for transactions by 2025, with 4 of 5
payments being made digitally. The current user base for digital
transactions in India is close to 90 million, this could triple to
300 million by 2020 as new users from semi-urban and rural areas
enter the market.
Simon Buckingham, CEO of Mobile Streams said: "We are very happy
to partner with one of India's largest and longest established
payment gateways. With the recent trend of lower and zero rate
prepaid mobile wallets, it was imperative we created greater
opportunity for customers to consume our mobile games services in
India."
-ends-
Media Contact:
Simon Buckingham
CEO
e: simonb@mobilestreams.com
Notes to Editors
About Mobile Streams
Founded in 1999, Mobile Streams distributes mobile content
directly to consumers through its mobilegaming.com cross-platform
games store. In 2006, the company completed an IPO in London (L:
MOS). Mobile Streams operates globally through subsidiaries in
North America, Latin America, Europe and Asia Pacific.
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