PlaySpan Inc. becomes the owner of PayByCash

PayByCash, a leading alternative payment system has been purchased by PlaySpan Inc. and now two entities are planning to become a company to meet all the needs of game publishers for a complete commerce and payments platform.

PayByCash has gained a solid reputation in the world of online gamers and is considered one of the most reliable processors of its kind. Today PayByCash operates as a payment gateway in more than 200 countries and provides 70 different payment methods; that is the broadest network worldwide. The Ultimate Game Card(TM), the pre-paid card of PayByCash, is becoming an extremely popular method to pay, especially among hard-to-reach gaming demographics.

"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," said Karl Mehta, Founder & CEO of PlaySpan.

"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," has commented Kevin Higgins, president of PayByCash.

PayByCash will continue to operate as an independent brand as a leading online processor with offices in Charlottesville, Virginia and Cincinnati, Ohio.