Axiologix's Joint Venture SLA Digital Expects Further Revenue Growth Following Launch Of Its Carrier Billing Capability On Google Play
LAS VEGAS , June 15, 2016 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (Pinksheets: AXLX), operating in the Mobile Payments and International Remittance markets, today announces that its joint venture, SLA Digital's first integration with Google PlayTM is now live. An existing global mobile operator partner of SLA Digital is using SLA's proprietary Digital Services Platform to launch its Carrier Billing solution on Google Play. According to Mobile Payments Today, direct operator billing has had a 300% year-over-year growth rate on Google Play.
This new capability allows Google Play customers, using this operator's network, to purchase digital content, from games to apps and music, without needing credit or debit card details. Instead, Carrier Billing offers customers a secure and convenient mobile payment solution allowing seamless digital content purchases by simply deducting the transaction from their prepaid phone credit or charging it to their post-paid phone bill. SLA Digital takes a percentage fee of every transaction made by customers.
Nic Stirk, CEO at SLA Digital commented, "SLA Digital's partnership with global and local app stores and merchants is key to our success as a leading worldwide Digital Services enablement provider. At SLA Digital we are excited to announce our involvement in this integration with Google Play. We are providing connectivity to a number of other app stores like Microsoft and Samsung via Carrier Billing and this announcement marks another strategic milestone for the Company as we continue to launch Carrier Billing across Europe, the Middle East and Asia for both mobile operators and merchants alike."
Andrew S. Austin, Chief Executive of Axiologix, Inc., commented, "This innovative solution is another significant step forward for this joint venture that will help grow existing revenues. The Carrier Billing market segment continues to grow rapidly globally with Yankee group forecasting that operators' share of App store transactions alone will reach $11 billion this year with Juniper Research pointing to $17 billion in 2017. SLA Digital currently has access to over 300 million mobile customers through its partnerships with leading global operator groups making it third in the world in this segment. We look forward to more live operator connections to Google Play for Carrier Billing in the coming year, especially with the recent success of this live deployment."
About Axiologix, Inc.
Axiologix, Inc. (OTC Pinks: AXLX) based in Las Vegas, Nevada, USA operates in the rapidly growing Mobile Payments and International Remittance markets. A key focus is on un-banked and under-banked communities both in the United States and around the World. Together with our innovative strategic partners we enable mobile banking services such as Direct Operator Billing and other merchant services using cell phones and the Internet. Our users have long sought to use more convenient, more inclusive and ultimately more affordable banking services that are currently unavailable to them from regular banking channels. Additional information may be found at www.axiologix.net
About SLA Digital
SLA Digital is an international Digital Services company delivering innovative solutions such as Direct Operator Billing to Mobile Network Operators and Content Partners globally in order to drive additional revenue streams for all participants. Headquartered in the UK and Malaysia, our team of experienced mobile specialists operate worldwide serving significant operator and content partners throughout Europe, the Middle East and Asia. For further information, visit www.sla-digital.com
This press release contains forward-looking statements. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE Axiologix, Inc.
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