VOYAGER STORE Adds PayPal as a Fast, Secure Online and Mobile Payment Service for Millions of e-Book Lovers All Over the World

SINGAPORE, April 11, 2011 /PRNewswire-Asia/ -- Voyager Inc. and PayPal Japan are pleased to announce that Voyager's e-book online shopping mall "VOYAGER STORE" (http://voyager-store.com/) will add PayPal™, the leading online payments provider, as an alternative payment option to reach 94 million active PayPal accounts worldwide shopping online and on their mobile devices. Payment via PayPal will become available from April 11, 2011. Voyager Inc. (hereinafter "Voyager") is located in Shibuya-ku, Tokyo, and the representative president is Masaaki Hagino, and PayPal Japan is located in Minato-ku, Tokyo, and the representative president is Andrew Pipolo.

VOYAGER STORE was launched in November 2010 as an online shopping mall specializing in e-books. VOYAGER STORE currently supports three bookstores including its directly-run Riso Shoten and Altbook, and Toyo Keizai Store operated by TOYO KEIZAI Inc. These three stores in combination handle 6,000 e-book titles covering a comprehensive range of genres including fiction, non-fiction and comic books. Once purchased, consumers can read e-books on their PCs, iPhones or iPads. VOYAGE STORE also offers store spaces in its shopping mall for new tenants.

According to Nomura Research Institute (NRI)'s forecast, the e-book market will likely grow at high rates for both hardware and content, and will reach a JPY240bn content market in Japan by the end of 2015.

PayPal is a leading online payment service worldwide and has been acclaimed for its "Micropayment", low-value payment (less than 2000yen) service and the security capability where consumers can safely pay without having to disclose their personal information. The addition of PayPal as a payment option includes Micropayment, which will significantly improve usability of the shopping mall for every customer living in and outside of Japan, contributing to further growth of the e-book market throughout the world.

The feature adopted this time by VOYAGER STORE is Express Checkout for online and mobile transactions, one of the key services of PayPal. The reference transaction function allows buyers to simply log on to PayPal for the first time and agrees to the payment terms to activate a single-click purchase on VOYAGE STORE thereafter without having to log into PayPal each time. The Mobile Express Checkout has also been adopted for a complete payment experience for users of iPhone™ and iPad™ devices and other smart phones. This function offers a secure mobile payment experience to its users; they can make a payment without having to input credit card information in the small display screen and no financial information is stored on the mobile device. Against the background of the increasing popularity of mobile shopping, these new functions will offer further business opportunities for Voyager to sell e-books and accept payments from mobile device users.

About Voyager

Voyager is the developer of T-Time, a standard e-book viewer for Windows and Macintosh. Every title with an extension, ".book", which was developed by Voyager in 2000 to commercialize e-book, can be viewed with T-Time. Jointly with Celsys in 2006, Voyager launched BookSurging Solution (currently, BS Solution) for mobile phone users. In 2007, Voyager developed T-Time Crochet, a web browser plug-in as a distribution solution for comic books and magazines. Voyager started to support iPhone in 2008 and iPad in June 2010 to expand its portfolio of solutions for ".book" and T-Time. These solutions have been adopted by a wide range of major publishers including Kodansha Ltd., Kadokawa Shoten Publishing Co., Ltd., SHINCHOSHA, Bungeishunju Ltd., Chikumashobo Ltd, CHUOKORON-SHINSHA INC., GENTOSHA COMICS INC. and ASCII MEDIA WORKS Inc.

VOYAGER STORE

http://voyager-store.com/

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 94 million active accounts in 190 markets and 25 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay (Nasdaq:EBAY) company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later.

More information about the company can be found at PayPal.com. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore.

PayPal

http://www.paypal.com
http://www.paypal.jp

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