Palo Alto,
Calif. – Zong, a provider of
mobile payment services used by online gaming and social networking sites,
announced on Tuesday the closing of a $15 million round of funding, led by
Matrix Partners.
Formerly a division of Echovox, Palo Alto, Calif.-based
Zong is the mobile payment provider for Facebook Credits, the site’s new
virtual currency.
The company said its service combines carrier billing with
credit, debit and prepaid cards.
Zong will use the investment to grow its
merchant network in U.S.
and international markets, and expand its mobile carrier network.
Related Links:
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