PlaySpan Acquires Micropayments Firm Spare ChangeAuthored by Mark Hefflinger on April 21, 2009 - 7:48am.
San Francisco
- PlaySpan, a provider of micropayment processing for online games, virtual
worlds and social networks, announced on Tuesday that it has acquired Spare
Change, a provider of micropayment services on social networks.
Financial terms of the transaction were not disclosed. In addition to in-game transactions, San Francisco-based PlaySpan also provides payment processing for over 1,000 games through its PayByCash unit and Ultimate Game Cards, available in 21,000 retail locations. The company said that the combination of Spare Change with its existing businesses "creates an impressive and unequaled microtransactions and micropayments solutions provider for developers and users worldwide that includes over 80 payment methods covering 190 countries."
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