PAYNOVA SIGNS AGREEMENT WITH FUJIFILM
Paynova has concluded an agreement with Fujifilm Sverige AB to supply an electronic payment solution for the development of digital pictures via the Internet, a market worth billions in Sweden, and one that is growing rapidly. When the consumer orders paper copies to be sent by post, the photographic data file with its selected digital pictures is transferred at the same time that payment for the service is made using the Paynova Wallet. Paynova will be the only payment solution in Fujifilm’s digital camera developing system to handle this form of distribution.
The market for digital paper copies is growing rapidly. Today the Swedish market accounts for around 30 million digital film rolls. For each analogue camera sold today, over four digital cameras are sold. Digital pictures can be edited and stored on your computer, transferred to CD-ROM, sent as e-mail attachments, electronic postcards, etc., but they can also be “developed” and printed as high-quality paper copies. A large number of photo labs offer development by mail order, usually with cash-on-delivery and invoice as the payment method. In the field of digital development Fujifilm is one of the biggest companies in Sweden. This business is actively marketed in partnership with TV4.se, Spray.se, Expressen.se and 86 other websites.
“This is an agreement that shows that an electronic payment solution together with electronic products, in this case digital pictures, is an unbeatable combination,” says Pelle Hjortblad, CEO of Paynova AB. “The fact that Paynova will also be the only payment solution increases the value of the agreement considerably.”
Fujifilm’s development system for digital pictures is unique by virtue of the fact that the process takes place locally at 65 photo shops in Sweden. Consumers can either place their order and hand their photo data file in at the store or send the file and order digitally over the Internet. With the current system, however, the finished pictures must be collected and paid for over the counter. Paynova’s payment solution opens up the possibility of ordering pictures simply and easily online, paying securely using the Wallet and then receiving them in your letterbox a few days later. This method still retains the flexibility and accessibility provided by proximity to a local photo shop, for complaints or returns, for example.
For further information. please contact:
Mats Jonnerhag, Information Manager, Paynova AB
Tel: + 46 (0)708 – 754 920, e-mail: mats.jonnerhag@paynova.com
Pelle Hjortblad, CEO, Paynova AB
Tel: + 46 (0)70 – 181 01 10, e-mail: pelle.hjortblad@paynova.com
About Fujifilm
Fujifilm Sverige AB is the Swedish general agent for Fuji Photo Film Co., Ltd, and is owned by Axel Johnson International AB and others.
About Paynova
Paynova (listed on NGM: PAY) offers businesses and consumers secure payment solutions for shopping via the Internet or mobile phone. An electronic wallet (e-account) is opened and topped up simply and easily, and can be used direct for payments over the Internet. Over 100,000 Paynova Wallets have been opened by consumers, who then avoid having to supply their bank or credit card numbers to strangers over the Internet.
Businesses find that managing payments through Paynova results in lower costs for administration and redemption, and that they can receive payments from all over the world. More than 20,000 banks accept the wallet via VISA and MasterCard. Paynova currently has nearly 600 online shops connected. Specially adapted payment solutions are available for: Traditional online shopping (e.g. mail order) including Micropayments (e.g. gaming), Mobile phone payments (e.g. Premium SMS), for special Industry needs (e.g. passenger transport) and Partnership agreements (e.g. transaction management companies).