Mobile Streams plc Mobile Streams branch out in Latin America
August 31 2018 - 2:00AM
RNS Non-Regulatory
TIDMMOS
Mobile Streams plc
31 August 2018
Mobile Streams branch out in Latin America with new digital
wallet
London, United Kingdom - 31 Aug 2018 - Global mobile content
retailer, Mobile Streams, today announces the launch of a new
digital wallet for our services in Argentina. The secure payment
system developed by one of Latin America's most popular online
retailers will enable Mobile Streams to diversify payment options
on its stores in the region.
Mobile Streams de Argentina launched mobile internet services in
2009, acquiring over 3 million subscribers with direct carrier
billing through local mobile telecom operators. The new digital
wallet will provide the means for Mobile Streams to generate
revenue from a wider range of customers as it enables the user to
pay using their mobile device.
Recent research from leading payments company Worldpay
emphasised that Argentina's eCommerce market is expected to more
than double over the next 5 years, making it one of the fastest
growing markets in the world. mCommerce is likely to enjoy an even
more dramatic increase, growing 34% year on year to be worth
US$6.5bn by 2021. This growth is likely to be powered by consumer's
embrace of alternative payment methods such as e-wallets.
Simon Buckingham, CEO of Mobile Streams said: "We are delighted
to partner launch the new digital wallet on mobilegaming.com. While
Argentina is a challenging market at this moment it remains an
attractive market with growing smartphone ownership. We believe
that the launch of the digital wallet on our stores is an important
step in growing our subscriber base and increasing revenue."
-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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAPMMFTMBMJBJP
(END) Dow Jones Newswires
August 31, 2018 02:00 ET (06:00 GMT)
Mobile Streams (LSE:MOS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mobile Streams (LSE:MOS)
Historical Stock Chart
From Apr 2023 to Apr 2024