PlaySpan, formerly known as Tradeits Inc. has acquired PayByCash. The latter company is a non-credit card payment organization that specializes in products such as the “Ultimate Game Card” which, as stated in this press release, is “fast becoming the most popular payment method among hard-to-reach gaming demographics”. While details regarding the price of the deal was not mentioned, Karl Mehta, CEO/founder of PlaySpan released this statement:
“PayByCash’s 10 year reputation in the global game industry, operational experience of millions of transactions each year and the trust of millions of gamers is a great addition to our in-game marketplace platform. We are excited about the synergies of our businesses and will continue to promote PayByCash’s global payment platform to our publisher partners worldwide.”
Kevin Higgins, president of PayByCash added this statement:
“PlaySpan and PayByCash have complementary missions. PayByCash handles payments from consumers across the globe, and PlaySpan gives publishers a place for gamers to spend it. We believe that our publisher partners will continue to benefit from our strong operational and global expertise to drive their micro-transaction revenues.”
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