SOURCE: Danal, Inc.

Danal, Inc.

February 20, 2014 06:00 ET

Webmoney Launches Smartphone Barcode Service With Danal

SAN JOSE, CA and TOKYO, JAPAN--(Marketwired - Feb 20, 2014) - Danal, the global leader in mobile commerce, has announced a partnership with Webmoney, Japan's largest electronic money issuer. This partnership confirms Danal's leadership in the rapidly evolving mobile commerce space. Webmoney users will be able to generate a unique barcode with their smartphone to make purchases. The service will launch in Tokyo on March 21st at the Korean Drama & Film Festival as the official payment method.

Danal Japan has gained momentum in the past 2 years by connecting to Japan's largest mobile carriers and establishing strategic relationships with multiple global companies. Webmoney specifically selected Danal's technology based on Danal's proven wallet solution in Korea, Bartong, which has been hugely successful with brands like 7-11 and Bennigans.

Webmoney is a leading e-wallet in Japan, allowing users to load money onto their account through traditional deposit channels. Last year, Webmoney processed 1.4 billion dollars (140 billion JPY) in user transactions through its online wallet service. Expanding from online shopping into retail Point of Sale, Webmoney has selected Danal's technology to enable consumers to use their Webmoney account to purchase physical goods.

"Webmoney's decision to partner with Danal for their initiative to expand into the physical goods channel is an endorsement of our exceptional technology and team," said Jim Greenwell, President and CEO of Danal Inc. "Danal has an unmatched global footprint and capability to accommodate innovative and challenging mobile commerce scenarios."

About Danal Inc.

Danal Inc. is the premier provider of carrier-integrated mobile commerce solutions worldwide, enabling the purchase of goods and services on PC, tablet, and mobile phones with the BilltoMobile platform. Danal Inc.'s mobile payment and data services utilize direct connections with US tier-1 Mobile Operators, enabling businesses to reduce input friction and drive sales. Danal Inc. is the US subsidiary of Danal Co. Ltd. (KOSDAQ: 064260), the pioneer and global leader in e-commerce mobile payments globally, having processed an unmatched $7 billion in transactions for over 10,000 merchant partners. Danal Inc. is a privately held company headquartered in San Jose, California, and Danal Co. has offices worldwide.

About Webmoney:

Webmoney Corporation is the biggest electronic money service provider in Japan. Webmoney's prepaid e-currency, managed from their secure server, allows users to pay easily, safely, and conveniently. Webmoney is accepted at more than 2,400 stores and can be purchased at convenience stores, on the official Webmoney website, or via mobile phone. Webmoney Corporation is headquartered in Tokyo, Japan and is 100% owned by KDDI Corporation.