30/10/2008

Netsize, a leading mobile communications and commerce enabler, today announced the expansion of its global mPayment mobile transaction and billing service with the coverage of all 25 nationwide and regional mobile network operators in Russia. Using Netsize mPayment, international content providers can now reach and bill more than 165 million subscribers in Russia.

Russia is the biggest single extension of the Netsize premium messaging network to date. “Russia is one of the largest and fastest growing mobile markets in the world and it has a mobile penetration of over 100%. The country will be one of the drivers of continued growth of the company,” said Stanislas Chesnais, Chairman and CEO, Netsize. He continued, “The addition of full coverage of Russia to our portfolio testifies to our position as leading global provider of mobile messaging and billing services.”

The Netsize mPayment Russia offer enables content providers to securely and reliably offer and bill mobile multimedia content and services such as gaming, and applications that target community services and user generated content. End user support is provided in local language, in full compliance with Russian operator regulations. Using Netsize mPayment content providers will benefit from a fast time-to-market and professional support of launching services in Russia.

The mPayment coverage of Russia comprises the mobile networks of MTS, VimpelCom (Beeline) and MegaFon, together representing approximately 84% of market share, and the networks of over 20 regional mobile operators with each up to 5% of market share, giving a total mobile subscriber reach of 100%. With the addition of Russia, Netsize customers can now reach and bill 1.3 billion subscribers globally through a single platform solution.