Mobile World

Singapore, Singapore (PRWEB) June 16, 2011

Stream Media Pte Ltd (http://www.streammed.com), the company behind MoVend, a unified mobile in-app billing platform, is announcing a partnership with MOL AccessPortal Sdn Bhd (http://www.mol.com) to offer MOLPoints, MOLs virtual currency, as a payment option.

MOL, which acquired Friendster in 2009, is the regional payment partner for Zynga Game Cards and Facebook Credits. MOL handles more than 60 million transactions worth over US$ 300 million from users annually, making this an enormous opportunity for mobile game developers to reach out to passionate MOL gamers in Asia. MOLPoints, one of the most used prepaid currencies in Asia, can be purchased online from over 500,000 outlets in Asia, thus making it easy for users to pay for mobile games and virtual goods.

We are excited with the partnership to allow Android users to buy games and apps using MOLPoints, says Chua Zi Yong, CEO of Stream Media. We are aware of the frustration that most users in Asia face when they want to buy apps but do not have credit cards to do so. And as such, this arrangement with MOL will open up the market for users, and for developers to finally able to build a profitable business.

Starting from today, MOLPoints users will be able to purchase in-game items from MoVend enabled games on their Android phones. Users will be able to download the MoVend-enabled games and apps at MoVends microsite (http://www.movend.com/mol) for free. Currently there are five games available at launch, and more titles will be released in the coming weeks. One such game is a Android trading card game, Arena 9, by Humble Gaming. For new game releases and updates, please visit the MOL Portal.

MOL is pleased to be able to have this opportunity to continue to maximize monetization solutions for application and game developers, as well as providing users with payment options that are safe and accessible, says Ganesh Kumar Bangah, CEO of MOL. We believe that by partnering with Stream Media, we are only serving to expand the channels through which both social gaming and interaction are introduced to the world.

Developers can start accepting MOLPoints payments today by signing up for their accounts at http://www.movend.com. The revenue share arrangement with developers will be 70% of the fulfilled sales revenue. Currently developers can utilize sales methods like try-and-buy, feature upgrades, virtual goods, subscriptions and donations. For more information, developers can contact Stream Media at sales(at)movend(dot)com.

About Stream Media

Stream Medias vision is to connect the worlds services and products via mobile. The company specializes in mobile software consultancy, content publishing/distribution and mobile payments. Its clientele include companies such as SingTel, M1, Sony Ericsson, MediaCorp, Sony and Dell.

Stream Media’s flagship product, MoVend, is a mobile in-app payment platform designed for Android, BlackBerry, Windows Phone 7 mobile application/game developers to drive in-app revenue. To do this, a single SDK is provided for easy integration with simple API calls. Within 10 minutes, developers can enable various payment options such as carrier billing, PayPal and MOLPoints in more than 40 countries. MoVend also features analytics, product management and DRM tools for developers to easily manage their mobile games and applications and subsequently better monetize their products. For more information, visit http://www.streammed.com.

About MOL AccessPortal Sdn Bhd

MOL AccessPortal Sdn Bhd (MOL) is one of Asias leading payment service providers. MOL handles over 60 million transactions with an annual payment volume of more than US$ 300 million. MOL leverages on a network of more than 540,000 physical payment collection points across more than 75 countries. It is also linked online to 88 banks in 9 countries worldwide. MOL was recognized as one of Asia Pacifics fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific Awards 2010. MOL is headquartered in Malaysia with offices across Asia Pacific. For more information, visit http://www.mol.com.

Media enquiries may be directed to:

Fan Jing

Mobile: (65) 84889810

Email: media(at)movend(dot)com

Business and developer enquiries may be directed to:

Chua Meng Kiat

Sales Manager

Mobile: (65) 9067 5862

Email: sales(at)movend(dot)com

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Nokia is developing step by step in China. It follows the trend of cell phones such as Apple iPhone, BlackBerry and so forth. Now Nokia lanuches 3G phone in China with a lower price and high volumes.

Nokia Corp. uncovered its first cellphone developed with China’s homegrown third-generation mobile technology Tuesday, aiming to “democratize” the smart phone market by aiming to sell lower-priced handsets at higher volumes.

 

The phone and others like it in the company pipeline could help Nokia Replica, struggling internationally to keep pace with Apple Inc. in the fast-growing, higher-margin market for premium smart phones since Apple’s iPhone was released in 2007, to close some of the gap by capitalizing on its strength in developing markets. But its look–a slider-style with a mirror-like screen—isn’t much different than what consumers have seen before.

 

The Nokia 6788 would ship by the end of the year, but hasn’t been priced yet, said Nokia Chief Executive Olli-Pekka Kallasvuo. The world’s biggest cellphone maker has made the “strategic decision to invest” in the Chinese standard, called TD-SCDMA, and will strive “for market leadership” in that technology, he said.

 

Colin Giles, president of Nokia China and soon to be the head of global sales for the company, said Nokia is still in negotiations with operator China Mobile Ltd. about how to price the future lineup.

 

At the event, officials from China’s Ministry of Industry and Information Technology and state-run China Mobile were present to support the company’s first entry into China’s TD-SCDMA handset offerings.

 

Mr. Kallasvuo said Nokia Mobile phone had about 38% market share globally in the third quarter, and that its share in China is in line with that. The company is currently the leading cellphone maker in China, largely thanks to its success in difficult-to-penetrate lower-tier cities, he said.

 

Mr. Kallasvuo has said the Finnish company plans to upgrade its smart-phone portfolio in the fourth quarter to take advantage of growing consumer interest in the category.

 

“Mobile Internet usage will only accelerate,” he said to reporters. It’s clear consumers will want applications like maps and email “integrated into a single mobile device,” he said at the event, in which the company commemorated the tenth anniversary of its Beijing product creation center, from which more than 60 handsets have been created for the global market.

 

Meanwhile, Apple has rapidly gained market share globally. In the second quarter, its smart-phone market share had risen to 13.3% against 45% for Nokia, none of whose smart phones have garnered the same kind of attention as the iPhone. That compares to Apple’s 3% market share just a year earlier when Nokia had 47%, according to recent figures from research firm Gartner Inc.

 

Nokia, which has spent about €40 billion ($60 billion) in research and development, is currently suing Apple for allegedly infringing 10 of Nokia’s patents covering wireless data, speech ecoding, security and encryption with the iPhone. Mr. Kallasvuo declined to comment on the lawsuit Tuesday.

 

China Mobile, the world’s largest mobile carrier by number of subscribers, has plans to roll out several smart phones this year in addition to the 6788 in efforts to promote faster 3G service, and expects this market to grow in China. One of its competitors, China Unicom (Hong Kong) Ltd., which operates a different 3G standard called WCDMA, is expecting to launch the iPhone this quarter as well.

I really expecting to the launch of Replica Nokia Phone, thus we can buy a much cheaper smartphone. Maybe this will bring it’s deficit less.

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