27th Mar 2014 14:12
LONDON (Alliance News) - SyQic PLC, the live TV and on-demand paid video content provider, said Thursday that it has extended the number of available payment methods for its customers through the launch of pre-paid scratchcards.
The AIM-listed company provides live TV and on-demand paid video content on mobile phones and tablets through its Yoonic platform.
SyQic said it believes the addition of the branded scratchcards to the list of available payment options, will increase the growth rate of its customer base, especially in its markets where credit card or telephone billing are less popular payment methods. It said the fact that the scratchcards will be on display in retail outlets, is also an added benefit.
To manufacture the scratchcards, SyQic has entered into partnerships with Nitecrest, a UK printer and manufacturer of plastic, gift, and smart cards, as well as well as MBL Solutions, an integrated marketing company, to monitor and track real time movements and redemption of the cards.
Shares in SyQic were down 1.25 pence or 1.3% before midday Thursday, trading at 95.75 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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