May 30, 2010

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[echelon 2010 Launchpad] MoVend – Creating a Seamless Mobile Payment System

by Joash Wee

Untitled

[Note: Information prepared by Stream Media for press release]

Stream Media steps into the mobile payment industry with the launch of its core product – MoVend, an in-app commerce platform for the Android smartphones – at Echelon 2010, an annual web technology event.

Mr. Chua Zi Yong, the Founder and CEO of Stream Media said: “We wanted to create something that will make payment much easier for the users. This would mean an in-app payment system that will enable users to make transactions and payments without exiting the app. Hence, the user experience would be a seamless one.”

MoVend, which means mobile vending, is written such that other developers can incorporate it into their mobile applications. The need for an Android mobile payment system was discovered by Mr. Chua. “Paid Android apps are only available in nine countries. The rest of the customers are only being offered free apps. Thus, if they wanted to get the paid apps, they have to go to third party stores to download and make payment via credit cards.”

IMG_20100601_172030With MoVend, there is no need for developers to create a separate payment system, allowing them to fully focus on the development of their own mobile applications. “Developers can leave all the heavy lifting of the transactions to us. It will result in a faster turn around time for them!” says Mr. Leong Hean Hong, Project Manager of Stream Media.

For mobile applications installed with MoVend, end consumers who use the mobile application will be able to make payment without exiting the application itself. The ability to let users choose their own preferred payment method is crucial for developers as users’ preference defers from country to country. For instance, users in US and Canada will most likely make payment via Paypal while users in Asia likely choose to pay via premium SMS Operator Billing.

For more information, visit: www.streammed.com

About Stream Media Private Limited

Stream Media Pte Ltd, an NUS Enterprise incubatee company, is a one-year-old startup funded by SPRING Singapore. An established company in providing Android consultancy services, Stream Media’s clients includes Sony Ericsson, SingTel, MediaCorp, Dell and Firstlogix. MoVend is a product of Stream Media.

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  • http://twitter.com/E27sg E27sg

    moVend, creating a seamless mobile payment system http://bit.ly/dr1vaw #echelon2010
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  • http://twitter.com/E27sg E27sg

    moVend, creating a seamless mobile payment system http://bit.ly/dr1vaw #echelon2010

    This comment was originally posted on Twitter

  • http://twitter.com/belindaang belindaang

    RT @E27sg: moVend, creating a seamless mobile payment system http://bit.ly/dr1vaw #echelon2010
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  • http://twitter.com/belindaang belindaang

    RT @E27sg: moVend, creating a seamless mobile payment system http://bit.ly/dr1vaw #echelon2010

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  • http://twitter.com/SannaJanonkorva SannaJanonkorva

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  • http://twitter.com/SannaJanonkorva SannaJanonkorva

    via @belindaang: RT @E27sg: moVend: in-app commerce platform for Android (for all apps) http://bit.ly/dr1vaw #echelon2010 #Echelon2010

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  • http://www.androidguys.com/2010/06/04/stream-media-releases-inapp-purchase-platform-movend/ Stream Media Releases In-App Purchase Platform, Mo-Vend | AndroidGuys

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    [...] For quite a while, Android was pretty lacking in the in-app purchase department. There weren’t many easy solutions for developers to monetize their apps. The past few weeks have not only brought developers platforms for setting up in-app purchases, but have done so en masse. The latest offering is Stream Media’s MoVend. [...]

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    [...] For quite a while, Android was pretty lacking in the in-app purchase department. There weren’t many easy solutions for developers to monetize their apps. The past few weeks have not only brought developers platforms for setting up in-app purchases, but have done so en masse. The latest offering is Stream Media’s MoVend. [...]

  • http://www.nexus-one-central.com/2010/06/movend-brings-yet-another-way-to-make-in-app-purchases/ MoVend Brings Yet Another Way to Make In-App Purchases – Nexus One Central | Apps, Downloads, Forums, News and Updates

    [...] For quite a while, Android was pretty lacking in the in-app purchase department. There weren’t many easy solutions for developers to monetize their apps. The past few weeks have not only brought developers platforms for setting up in-app purchases, but have done so en masse. The latest offering is Stream Media’s MoVend. [...]

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