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Zong (payments provider)

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ZONG
IndustryTelecommunications
Mobile Communications
Payments
Founded2000
HeadquartersUnited States Redwood City, California, USA
ProductsElectronic Payments
Mobile Payments
ParentEchovox
WebsiteZong.com

Zong is the global mobile payment platform [1] of mobile monetization company, Echovox [2]. Zong is an international mobile payments platform, connected with 67 mobile operators in 13 countries, enabling consumers to buy online goods and services with their cell phones.

Zong is a widely used payment solution on Social Networks and Online Games as well as on mobile devices. Zong appeals to a younger demographic, who doesn't have bank accounts or credit cards and want to complete small purchases online. Consumers can simply pay with their mobile device and are then charged on their account through their mobile operators. Zong is particularly successful in conjunction with the purchase of online virtual goods.[3][4][5]

Only 1.5% of U.S. consumers have ever used their mobile device to make a payment, but almost 50% are aware that they can do so, according to a Mercatus survey of more than 2,500 adults. The percentage of people who have made payments with their mobile phones is likely to grow to 15% among those 18 to 30 by 2013 and close to 50% among those under 35 by 2018, the firm found.[6]

Coverage

References

  1. ^ "Crunchbase company profile".
  2. ^ "Echovox homepage".
  3. ^ "Moving Money Online Stills Needs Work". BusinessWeek. 26 September 2008. {{cite news}}: Check date values in: |date= (help)
  4. ^ "Zong Lets You Bill Web Apps To Your Phone". TechCrunch. 8 September 2008. {{cite news}}: Check date values in: |date= (help)
  5. ^ "Zong Adds Online Purchases to Cell Phone Bill". Beet.tv. 22 September 2008. {{cite news}}: Check date values in: |date= (help)
  6. ^ "Mercatus market research: Handset Payments to Climb". MobileBanker. 29 September 2008. {{cite news}}: Check date values in: |date= (help)
  7. ^ "Zong coverage from company's website".