TIMWE and Opera seal agreement for mobile payments
Partnership integrates TIMWE’s mobile payment system into Opera Payment Exchange (OPX)
TIMWE, a multinational company that operates in the mobile marketing, mobile entertainment and mobile money areas, and Opera Commerce, a fully-owned subsidiary of Opera Software, today announced an agreement that enables easy and safe mobile payments for users of TIMWE services and the Opera Mini mobile browser in more than 75 countries worldwide.
TIMWE, a global provider of mobile monetization solutions, will integrate M-coin, TIMWE’s mobile payment system into the Opera Payment Exchange (OPX).
OPX’s goal is to make mobile payments a secure and easy experience for the more than 230 million Opera Mini users globally. Thanks to TIMWE’s M-Coin, Opera Mini users will be able to buy digital goods and services easily and securely on their mobile devices through direct carrier billing in the more than 75 countries where TIMWE operates, ranging from Latin America to Asia, Africa and Europe.
Opera Mini is one of the world’s leading mobile browsers with users on several mobile platforms. Opera’s browsers are also available for computers, TVs and connected devices, including Opera Mobile, the browser for high-end mobile devices. Opera has more than 300 million users all over the world.
With M-Coin, when Opera Mini users buy digital goods and services, the transaction will be charged directly to users’ mobile phone bills by mobile operators, thereby eliminating the need to share any personal or credit card information with the seller.
“This partnership shows TIMWE’s commitment to the development of mobile payments, one of the main focus areas of the company. Together with Opera, we will be able to offer our solution to the company’s audience and spread the word on the advantages of mobile payments,” says Diogo Salvi, CEO, TIMWE. “We expect this to be one more step in making M-Coin a reference in the mobile payments market.”
“Opera is committed to bringing more options to Opera Mini users to enable mobile payments in every corner of the world – no matter the device or network,” added Sameer Merchant, President, Opera Commerce. “By partnering with TIMWE and its wide audience around the globe, we are making one more positive change for our users to engage in the very convenient process of mobile payments.”
TIMWE (www.timwe.com) is a global provider of mobile monetization solutions, focused on mobile marketing, mobile entertainment and mobile money (mobile payments). Operating in more than 75 markets in five continents, managed through 26 offices, TIMWE has a strong presence in its core Latin American market and is rapidly expanding in a number of countries in Africa, the Asia Pacific region, Europe and the Middle East. In 2011, the company achieved revenues of 281 million euros worldwide.
M-Coin is a carrier billing solution, powered by TIMWE, which allows for faster and safer micropayments on web and mobile. The payments made by customers are charged to their mobile phone bills by the mobile operators. The M-Coin solution can be used by developers and publishers for in-Game and in-App monetization and by online merchants for digital goods and digital services monetization.
About Opera Commerce
Opera Commerce LLC, a fully-owned subsidiary of its ultimate parent Opera Software ASA, is a leading provider of mobile commerce services globally that facilitates frictionless commerce between Opera users and the service providers that they wish to transact with. Through the use of the platform and services provided by Opera Commerce, partners are now able to facilitate payment transactions resulting in a substantial overall improvement in commerce success rates.
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