BWI: NHN Selects Playspan as Payment Solution Provider for Karos Online

Press release from Business Wire India
Source: PlaySpan India Pvt Ltd
Thursday, April 08, 2010 09:30 PM IST (04:00 PM GMT)
Editors: General: Consumer interest, Entertainment; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
NHN Selects Playspan as Payment Solution Provider for Karos Online
Highly Anticipated New MMORPG Will Leverage UltimatePay

Mumbai, Maharashtra, India, Thursday, April 08, 2010 -- (Business Wire India) -- NHN Corporation, Korea's leading internet company, announced today its new partnership with PlaySpan, the global leader in monetization solutions for online games, virtual worlds, and social networks. NHN's Karos Online, the top free-to-play 3D MMORPG in Korea, will use PlaySpan's UltimatePay to enable its multitude of players to purchase and experience premium content.

In Karos Online, players take the role of a hero determined to defeat the curse of darkness falling over the world of Asmara, and ascend to ultimate glory by becoming the mythical Karos warrior. Through questing, guild clashes and mass PvP, they enter the fight for domination over the world's vital energy source, Fletta. With a strong RPG component, wide range of class skills and fantastic visual combat effects, Karos Online offers a rich player experience and an exciting end-game for guilds, including castle sieges and resource control points.

UltimatePay (the combination of PayByCash's twelve years of payment and fraud management experience with Spare Change's social network micro-payment expertise) provides over 85 global payment methods including mobile, cash based, and the top selling Ultimate Game Card. UltimatePay enables players to quickly and easily make in-game purchases.

"Karos Online is poised to lay siege to Europe and North America. UltimatePay will enable gamers everywhere to join the adventure." said Dong-min Lee, Director of International Business Team at NHN. "We want to ensure that everyone has the ability to experience the fantastic premium content offered in Karos Online, and UltimatePay provides that capability."

"NHN's selection of UltimatePay further demonstrates PlaySpan's global leadership in monetization solutions for the world's best game developers and publishers," said Karl Mehta, Founder & CEO of PlaySpan. "We're pleased to add NHN to our growing list of international clients and are confident that UltimatePay will help grow the paying player base of Karos Online."

About PlaySpan

PlaySpanT is the global leader in monetization solutions for over 1,000 online games, virtual worlds, and social networks. PlaySpan's patent-pending in-game digital goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users.

PlaySpan also provides global payment solutions through its UltimatePay product, which enables users to make safe, convenient, and friendly in-app purchases using over 85 global payment methods in 180 countries. UltimatePay includes PlaySpan's ULTIMATE GAME CARD, which is a pre-paid card available in over 45,000 retail locations across North America and growing rapidly worldwide.

PlaySpan is headquartered in Silicon Valley with offices in Ohio, Virginia, and Mumbai. Investors include Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures. The company won the 2009 OnHollywood Category Award for Best Gaming Company.

For more information about PlaySpan, visit: http://corp.playspan.com

About NHN Corporation

NHN Corporation (KOSDAQ KOSPI: 035420) was established in 1999 and is currently the leading multi-national internet company in Korea, operating internet search portal and gaming services in Korea, Japan and China. Its products include Naver, Korea's largest search portal with more than 17 million unique daily visitors, and leading Korean portal Hangame, which brought KRW 366.7 billion (206 million ?) in revenue in 2008, a 51% increase versus 2007.

For more information about NHN, please visit http://www.nhn.com/en


CONTACT DETAILS
Vinayak Rao, PlaySpan India Pvt Ltd, +91 9820045958, Vinayak.rao@playspan.com

KEYWORDS
CONSUMER, ENTERTAINMENT, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com