Megapay, a division of Hong Kong based cloud computing giant Megaworld, in partership with MJV, a Brazilian company that combines technology services and mobile solutions, have launched a mobile payment services in the Brazilian market.
Using Megapay’s and MJV’s technologies, Megaworld’s Brazilian customers are now able to make payments for any Megaworld service via mobile phone by submitting their phone number to Megapay’s payment platform. The customers are securely authenticated through a web PIN sent to their mobile phone via SMS, allowing them to immediately enjoy unlimited access to Megaworld premium services. Megapay’s service allows Megaworld customers to use their mobile phones as wallets and brings Megaworlds services to more than 90% of the Brazilian population.
Megaworld’s growth in Brazil and the Latin American region has been phenomenal. Since 2005, Megaworld has experienced a 100% year on year growth in registered subscribers. Megaworld’s total client base in Brazil is almost 5 million registered subscribers with 13 million active in Latin America. Popular services include Megaupload, a leading player in cloud storage, as well as Megavideo, a video streaming site. Recent additions to the Megaworld portfolio include Megabox, a cloud-based music hosting and streaming service; Megapix, an online marketplace for stock photography and hosting of pictures; Megalive, an innovative broadcasting service that anyone can use.