Zong Overview
Our eye-popping conversion rates really aren't all that surprising when you consider the user experience. With Zong, all you ask your customers for is their mobile number. With credit cards, you have to ask the card number, the security code, the expiration date and the billing address.* Unlike other payment services, Zong doesn't require any end-user registration. None. Nada. Zippo.
We spent...More»
Our eye-popping conversion rates really aren't all that surprising when you consider the user experience. With Zong, all you ask your customers for is their mobile number. With credit cards, you have to ask the card number, the security code, the expiration date and the billing address.* Unlike other payment services, Zong doesn't require any end-user registration. None. Nada. Zippo.
We spent that last 9 years building tight integrations with the largest mobile carriers in the world. When your customer uses Zong to pay you, we bill them through their mobile carriers. When your customer pays his phone bill each month, the carrier pays Zong. And then Zong pays you. No setup fees. No monthly fees. We only get paid when you do. Simple, really.«Less
Key People
Management
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 07/2005 | Series A | 5M | Unknown | |
| 02/2007 | Series B | 7.5M | Unknown |
Products
| Name: | Zong Plus |
| Product URL: | http://www.zong.com/zong/plus |
| Description: | High carrier fees have always been a fact of life when it comes to mobile payments. Zong+ changes the game by giving your users a choice to fund their payment through a different method, such as a credit or debit card. As a result, you get the high conversion rates of mobile payments plus the lower transaction fees of payment cards. More choice for your users, more revenue for you. Also, Zong+ enables higher price points on goods that you can sell. So, go ahead and build that high revenue super awesome widget you've been dreaming about—we'll make it an easy sale to your users. Since Zong+ customers will be settling through their financial institution, you'll get paid up to three times faster than your typical carrier payment. |
| Screenshots: |
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10/31/2009 08:40AM by limguine
User Opinions
Bulls vs. Bears (3)
| Bullish Opinions (3) | Author/Date | Do you agree? | |
|---|---|---|---|
|
End-user experience optimized for minimal user input yet enhanced PIN security |
averrhoes 05/16/2009 |
100% 1 vote 1 0% 0 |
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|
Coverage is good and very quick to set-up. |
justin22 07/15/2008 |
100% 2 votes 2 0% 0 |
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|
Easy platform with API to plug into wireless carrier billing system |
dave 07/15/2008 |
100% 4 votes 4 0% 0 |
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| Bearish Opinions (0) | ||||
|---|---|---|---|---|
| Be the first to tell us why they are destined to stumble. | ||||
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Mobile payment user demographics: Myth vs Fact
May 18, 2009 - 0 comments
Crikey! Zong launches Australia
Apr 9, 2009 - 0 comments
Another strong vote for Virtual Goods
Apr 7, 2009 - 0 comments
Laser focus on payments - SMS apps discontinued
Mar 12, 2009 - 0 comments
Really cool integration of Zong in a virtual world
Feb 10, 2009 - 0 comments
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