BEIJING, Aug. 12 /Xinhua-PRNewswire/ -- 99Bill Corporation ( http://www.99bill.com/ ), the first company in China offering email and mobile phone number based online payment platform and services, and NetEase.com, Inc., one of the leading portals in China, announced today that the two companies have reached an agreement to jointly establish online NetEase prepaid card payment platform. Under the agreement, 99Bill launched the new online payment service to let the NetEase's prepaid online game card users to pay for the third party online products and services, and enable the Internet and wireless service providers to accept the prepaid card payment online.
NetEase is a leading portal in China providing a wide variety of content and online services, including online game, email, personal homepage, search and other products. NetEase has established nationwide distribution channels in more than 100 cities in China for selling online game prepaid card to tens of millions of online game users, and the prepaid card has become the well adopted form of payment for the online game services. With 99Bill's new payment services, NetEase prepaid card users will be able to purchase and pay for products and services offered by third party providers, in addition to NetEase products and services. By leveraging 99Bill's online payment platform, any internet and wireless service providers will be able to accept NetEase prepaid card as a cost-effective form of payment, and get instant access to tens of millions of prepaid card users across the country as potential customers.
''99Bill commits to provide convenient and innovative online payment services to our users. The launch of NetEase prepaid card payment platform allows us to serve the Internet community that currently do not have or do not use bank cards online. The new service significantly increases our demographic and forms of payments coverage in China, and also will provide additional product and service options to the current NetEase prepaid card user. We believe this partnership will prove to be successful and rewarding for both parties,'' says Oliver Kwan, Chief Executive Officer of 99Bill.
''Customers are our most valuable asset. It is our ultimate goal to provide value-added online services to ensure best-in-class customer experience. As a result, making the right partnership for our prepaid card system becomes very critical and significant. We look forward to a fruitful cooperation with 99Bill,''says Ted Sun, Chief Executive Officer of NetEase.
The total transaction volume of Internet products and services, as well as wireless value added services in China, reached USD 2.8 billion in 2004. However, most of these transactions were conducted through legacy and high cost payment means, such as C.O.D, postal wire, and bill collection service by mobile operators. To meet the growing market demand for comprehensive and integrated online payment solutions, 99Bill officially launched its online payment services in China early this year. Now, anyone or any business with a verified email address or a mobile number can accept debit card and credit card payment in real time, and send and receive payments easily, securely and promptly on 99Bill platform without the need to expose recipient's personal information such as bank account, name and address. In addition, Internet users and business customers can choose from 99Bill's diversified product portfolio and innovative merchant tools to meet their personal and business needs. 99Bill has established direct debit card and credit cards processing capacity with leading domestic banks in China, enabling any online user and business to receive debit and credit payment covering over 2.7 billion international and domestic issued bank cards. The company is committed to develop innovative and high value-added services to serve the growing market demand for fast, secured and convenient online and wireless payment solutions in China.
About NetEase
NetEase.com, Inc. is a leading China-based Internet technology company that pioneered the development of applications, services and other technologies for the Internet in China. Our online communities and personalized premium services have established a large and stable user base for the NetEase websites, which are operated by our affiliate. As of June 2005, the NetEase websites had more than 546 million average daily page views, making us one of the most popular destinations in China and on the World Wide Web. In particular, NetEase provides online game services to Internet users through the licensing or in-house development of massively multi-player online role-playing games, including Westward Journey Online II, Fantasy Westward Journey and Fly for Fun. NetEase also offers online advertising on its websites which enables advertisers to reach our substantial user base. In addition, NetEase has paid listings on its search engine and web directory and classified ads services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. NetEase also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the Web, which are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. Other community services which the NetEase websites offer include instant messaging, online personal ads, matchmaking, alumni clubs, personal home pages and community forums. NetEase is also the largest provider of free e-mail services in China. Furthermore, the NetEase websites provide more than 20 channels of content. NetEase aggregates news content on world events, sports, science and technology, and financial markets, as well as entertainment content such as cartoons, games, astrology and jokes, from over one hundred international and domestic content providers.
About 99Bill
99Bill Corporation is the first company in China offering email and mobile phone number based online payment platform and solutions. The Company's founding members are seasoned entrepreneurs in China's Internet industry and have extensive experience in product development, technology innovation, marketing and capital financing. The company's products and services aspire to provide secured, integrated and confidential payment platform, as well as innovative payment and merchant tools to e-commerce operators, Internet and wireless service providers and individual users. 99Bill's payment services currently cover over 2.7 billion domestic and international debit and credit cards, as well as support bank wire, postal wire and pre-paid card transactions. 99Bill is currently partnering with leading domestic and international Internet companies to enable payment collections for various Internet and wireless applications and will continue to introduce new products and services to the market in the near future. For further information, please visit http://www.99bill.com/ .
For more information, please contact: Ms. Olive Zhou / Janet Mu, 99Bill Corporation Suite 7J, Oriental Kenzo Plaza, 48 DongZhiMenWai Street, Beijing, China, 100027 Tel: +86-10-8454-9510 x802/809 Fax: +86-10-8454-9515 Email: ozhou@99bill.com or jmu@99bill.com Mr. Wang Zhao / Zeng Mingxuan, Beijing Proway-Consulting Information Service Co. Suite E20A, Majestic Blue Building, 6 BeiSiHuanZhong Road, Beijing, China, 100029 Tel: +86-10-8284-5139/37 x213/215 Fax: +86-10-8284-4520 Email: zeng@proway-consulting.com
CONTACT: Ms. Olive Zhou or Janet Mu, both of 99Bill Corporation, +86-10-8454-9510 x802/809, or fax, +86-10-8454-9515, ozhou@99bill.com or jmu@99bill.com
Web site: http://www.99bill.com/
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