LOS ANGELES, Nov. 30, 2011 /PRNewswire-iReach/ -- SafetyPay and Xsolla offer an innovative payment process for online gaming, MMO, social, mobile and casual games. As part of its foray into the gaming space, SafetyPay has recently signed into a partnership with Xsolla, which provides in-game payment solutions with easy integration and high conversion rates.
"We are looking forward to our integration with Xsolla," said Manuel Montero, CEO of SafetyPay. "Recent statistics show that the online gaming market is worth more than $15 billion right now, and the Latin American market is one of the top emerging regions for online games. We believe that partnering with Xsolla will help SafetyPay gain significant market share in the growing online gaming industry. Xsolla works with over 300 of the top gaming publishers in the industry."
According to SuperData Research, the virtual goods market in Latin America is currently over $336 million, with Brazil accounting for almost 50 percent of the market in 2010. Virtual goods are expected to grow 50 percent to $517 million in 2012. SafetyPay continues to expand its presence in Brazil, partnering recently with HSBC Bank in Brazil (Brazil's 6th largest bank) and Braspag, the leading payment processing company for e-commerce in Brazil.
SafetyPay enables gaming merchants to accept and approve payments in real time, offering their customers a simple, secure, and instant online purchase option.
"We are excited about partnering with SafetyPay, which specializes in providing secure online payments in Central and South America, regions that are experiencing rapid growth in online gaming. SafetyPay's mantra is "shop globally, pay locally," which is exactly how Xsolla has experienced so much success- providing global opportunities for gaming publishers with localized payment options. Partnering with SafetyPay will help Xsolla's partners to expand into the growing Latin American market," stated Albert Donahue, Xsolla's Vice President and Co-Founder.
SafetyPay is a global, safe and secure online payment solution that enables online banking customers to make internet purchases from merchants worldwide, and pay directly from their local bank account in their local currency. SafetyPay eliminates fraud and identity theft risk for consumers, provides banks with an additional revenue stream and cross promotional opportunities, and expands their merchants' customer base with an international reach of more than 100 million potential banking customers. Customers are never required to disclose any financial information. For more information, go to www.safetypay.com.
Xsolla specializes in online games, providing localized in-game payment solutions with easy integration and high conversion. Xsolla has been developing monetization tools for MMO, Social, Mobile and Casual Games for 6 years. Xsolla's headquarters are in Los Angeles, California with offices in Russia, Ukraine, Belarus and Kazakhstan. Xsolla partners with over 200 payment service providers offering credit and pre-paid cards, mobile payments, e-wallets, cash and e-cash, payment kiosks and offers- all within one platform- with no installation, currency exchange or chargeback fees. Xsolla works with more than 300 publishers worldwide, including Valve (Steam), Gameforge, Bigpoint, Wargaming.net, Aeria Games, S2 Games and more. For more information or a free proposal, please call (877) 769-1252 or visit Xsolla online at www.xsolla.com.