Dial-and-Pay Solution Increases Payment Options for Gamers, Facilitates Faster Uptake of the Ember Platform Globally, and Enables Swarmio to Collect Payments Instantaneously
- The Eco VoicePay solution allows gamers from anywhere in the world to make purchases in the Ember platform by dialing a special phone number.
- Gamers can use long distance credits to pay for Ember points vouchers, which are sent via SMS and can be redeemed inside the Ember platform to buy digital in-game items and content.
- Gamers don't need to have a credit card, bank account or digital wallet to purchase items from the Ember store.
- The Eco VoicePay solution facilitates faster expansion of Swarmio's Ember gaming and esports platform regionally and globally.
- Swarmio also doesn't need to wait for payment processors, telco direct carrier billing (DCB) or digital wallet integrations to collect revenue from purchases made inside Ember.
The launch of Eco VoicePay is an important catalyst in Swarmio's overarching strategic growth plan. As previously disclosed, Swarmio generates revenue from payment processing and transaction fees on purchases made inside the Ember platform's online store (the "
Additionally, gamers do not need to be paying Ember subscribers to use Eco VoicePay - this simple dial-and-pay option will be available to "freemium" users as well. In this way, Eco VoicePay facilitates faster expansion and global uptake of the Ember platform regionally and globally. With Eco VoicePay, Swarmio also doesn't need to wait for payment processors, telco direct carrier billing (DCB) or digital wallet integrations to collect payment on transactions made in Ember, facilitating faster revenue growth for the Company.
Swarmio CEO
Sources:
1.) Statista, 2023: https://www.statista.com/statistics/553180/distribution-of-unbanked-population-by-region/
2.) Global Finance and Merchant Machine, 2021: https://blog.cfte.education/the-worlds-top-5-unbanked-countries-have-more-than-60-of-their-population-without-bank-accounts/
Swarmio's fully managed, plug-and-play Ember platform can be quickly and seamlessly integrated with major telco operations, allowing telcos to engage and monetize gaming subscribers and gain immediate and meaningful access to the
Ember provides a proprietary digital hub for gaming communities, allowing gamers to access an ultra-low-latency playing experience, competitive challenges and tournaments, exclusive gaming content, managed communities, gamification and points system, online store (
Ember also enables game publishers and developers to reach, engage and monetize the 2 billion gamers in
To learn more, visit any of Swarmio's Ember partner sites:
Globe Telecom (
Etisalat / e& (MENA): https://hub.arenaesports.ae/
Ooredoo (
SLTmobitel (
To learn more about
Swarmio Investor Website (https://ir.swarmio.media)
Swarmio on LinkedIn (https://www.linkedin.com/company/swarmiomedia)
Swarmio on Twitter (https://twitter.com/SwarmioMedia)
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation: statements about the Company's growth, the Company's ability to capitalize on the major global opportunity in the gaming and esports market, anticipated benefits to the Company's partners and their customers from using the Company's products, ongoing discussions with potential new customers or partners and the possibility that such discussions may result in additional contracts or revenue for the Company, the Company's future plans, its goals and expectations, including but not limited to, the Company's continuing ability to enter into agreements to deploy its products with international telecommunications companies and game publishers and its ability to monetize these agreements through generating SaaS-based revenues are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Companies long-form prospectus dated
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