Swarmio Launches New Payment Solution For Its Esports Platform

Swarmio Media (CSE: SWRM) is looking to make it easier for consumers to pay for its services. The company this morning revealed a new payment solution for its Ember gaming platform, known as Eco VoicePay.

The new payment solution will enable gamers to pay for their in-game items by using long distance credits that are provided by their mobile carrier, just by dialing a phone number. Ember point vouchers will then be received by SMS text, which can be used to pay for in-game digital items such as upgrades, value packs, skins, and subscriptions.

The offering removes the need for gamers to have a credit card, digital wallet, or bank account to purchase items on Swarmio’s gaming platform. Nearly two thirds of gamers globally are said to not have access to bank accounts, and credit card penetration is low. Such an offering as such enables access to these consumers.

Eco VoicePay will be available to both Ember subscribers as well as “Freemium” users, which is expected to facilitate faster expansion and global uptake.

“The launch of Eco VoicePay is a very important step in our global growth trajectory. By adding a new dial-and-pay solution, Eco VoicePay, to the platform on top of existing payment methods including credit card, direct carrier billing, and gamer e-wallet, Swarmio is enabling gamers who lack access to traditional payment channels to participate in online games the same way their peers do. We are also removing cumbersome payment settlement processes which can result in delayed revenue for Swarmio,” commented Swarmio CEO Vijai Karthigesu.

READ: Swarmio Launches Promotional Campaign in UAE with etisalat by e&

The new payment solution will first be launched in Sri Lanka and North Africa, before it is rolled out to additional regions that Swarmio operates in.

Swarmio Media last traded at $0.145 on the CSE.


FULL DISCLOSURE: Swarmio Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Swarmio Media on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

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