PAYNOVA (NGM) EXTENDS ITS CO-OPERATION WITH CDON.COM
Since October 2003, one of Sweden’s biggest online marketplaces, CDON.COM, with over 250,000 unique hits a month, has offered its customers a simple, secure online payment solution using the Paynova digital wallet. CDON.COM, the market leader for music, movies and games on the Internet, is now extending its co-operation with Paynova to cover all of CDON’s markets in Scandinavia, as well as the EU site.
In a short time Paynova has established a leading position on the market for payment services, with customers including Swedish evening newspaper Aftonbladet, national terrestrial channel TV4, Lunarstorm and Spray. For online trading to gather genuine momentum, simple, secure payment solutions for consumers are a fundamental requirement.
Paynova’s digital wallet makes it safe and easy for anyone who wishes to make purchases over the Internet. Private individuals can easily open their own digital wallet, which can be topped up by card, eBanking, bank giro or postal giro. The digital wallet enables users to shop online without giving out personal details or card numbers on the website they are buying from. The Paynova Wallet can even be used for minor purchases from 5 pence and up.
“With the CDON.COM agreement, Paynova is further consolidating its position as the leader company in online payment solutions. CDON.COM is a dedicated eCommerce company and our wallet obviously fits the business like a glove,” says Paynova CEO Pelle Hjortblad.
For further information. please contact:
Pelle Hjortblad, CEO Paynova AB
Phone: +46 (0)8-517 100 07 Mobile: +46 (0)701-810 110
About Paynova
Paynova AB, listed on NGM Equity on 26 February 2004, is a company specialising in secure online payments. The Paynova Wallet is a digital wallet for digital transactions that can handle amounts from 5 pence and up. The digital wallet enables the customer to manage and control purchases limiting his/her personal credit card or eBanking information to only one counterpart. The Paynova Wallet is easy to acquire and use, and simple for the merchant to install. More than 20 000 banks worldwide accept the Paynova solution for VISA and MasterCard payments. Since its launch in 2001, Paynova AB has signed agreements with more than 500 companies and organisations that now offer the Paynova Wallet as a payment option on their websites. Pelle Hjortblad is the CEO of Paynova. The full Paynova share prospectus can be found at www.paynova.com
About MTG Internet Retailing AB
CDON.COM and DVDON.COM are two online marketplaces managed by MTG Internet Retailing AB. CDON.COM sells music and computer/video games, while DVDON.COM sells movies on DVD and VHS. MTG Internet Retailing AB (MTGIR) is based in Malmö and is part of media conglomerate Modern Times Group, MTG AB (www.mtg.se). MTG is an international media corporation operating in the Nordic region, the Baltic States, Hungary, Russia and other territories. The Group’s business focuses on commercial and pay-TV, radio, eCommerce and other media-related services. MTG includes such well-known brand names as TV3, ZTV, Viasat, Strix Television, RIX FM and Power Hit Radio. MTG is listed on the Nasdaq exchange in New York and on the Stockholm Stock Exchange O-list.