PAYNOVA (NGM) SIGNS INTERNATIONAL AGREEMENT WITH TV-SHOP
Paynova’s digital wallet will be a payment solution for TV-Shop’s online sales in Europe. TV-shop targets more than 100 million households, and is one of Europe’s biggest home shopping companies. The company is owned by Modern Times Group (MTG).
Paynova delivers fast, secure online payments. Paying with the Paynova Wallet entails major benefits for both the buyer and the seller. Buyers receive their purchases more quickly, and the process is more efficient as there is no need to visit e.g. a post office to pay, as the consignment has already been paid for. The seller does not risk having cash-on-delivery goods, for example, returned because the buyer has failed to pay the bill and collect the package. Paynova recently extended its co-operation with CDON.COM, part of MTG’s teletrading operation, to also include payment solutions in the Nordic countries.
The Paynova Wallet will be implemented in Sweden, Norway, Denmark, Finland, Austria, Switzerland, Germany, the Netherlands and the UK.
“Working with TV-shop is an exciting development as, at the same time, the wallet will now be available throughout Northern Europe. We will be monitoring developments with great interest,” 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 TV-Shop and Modern Times Group
TV-Shop is part of the Modern Times Group (MTG), an international media and marketing corporation. 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.