GREE is First Japanese Digital Content Provider to Use Zong to Get Paid by Billions of Mobile Subscribers Worldwide

TOKYO, Nov. 14, 2012 /PRNewswire/ -- PayPal Pte. Ltd. today announced that GREE, Inc., a leading global mobile social gaming company, is the first digital content provider in Japan to use Zong as its global carrier bill payment service to reach billions of users on 166 mobile carriers in 40 countries. With Zong, GREE can conveniently and securely accept payments for digital goods purchases from international users of GREE Platform through direct mobile carrier billing.

Zong is an established global carrier payment service used by Zynga and Facebook and other digital content providers worldwide. With Zong, digital goods merchants can accept payments globally from mobile users, even from consumers who do not have a bank account or credit card. Zong first verifies the mobile phone number and account in a matter of seconds, and then adds the payment to the customer's mobile phone bill. Because of its frictionless, easy-to-use payment experience, Zong contributes to increased conversion rates compared to traditional payment methods, like credit cards.

"Zong is a revolutionary service that provides fast, easy carrier payment to billions of mobile users worldwide," said Shintaro Aikawa, Senior Vice President, Business Operations, GREE, Inc. "We're excited to be bringing Zong to our overseas users through our strategic partnership with PayPal. With this enhanced convenience and flexibility of payment that Zong enables, we're confident we can make GREE Platform more accessible and more fun to use for mobile gamers around the world."

"We are thrilled to expand our business alliance with GREE to provide both PayPal and Zong as faster, safer payment services for millions of international users of GREE Platform," said Jonathan Epstein, General Manager, and Branch Representative PayPal Pte. Ltd. Tokyo Branch. "With global consumer spending on digital goods expected to increase to USD367 billion in 2016*, we look forward to enabling more leading digital content providers in Japan to reach a worldwide audience and grow their overseas business."

About PayPal

PayPal is the faster, safer way to pay and get paid online, via mobile devices and in store. The service allows people 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 117 million active accounts in 190 markets and 25 currencies around the world, PayPal enables global commerce. PayPal is an eBay (NASDAQ:EBAY) company. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal.jp.

Notes:

1. At present, bank accounts are not available as a funding source in some countries and territories including Japan.
2. At present, promotional financing is not available as a funding source in some countries and territories including Japan.

*Source: Gartner

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