PHOENIX, Nov. 25, 2014 /PRNewswire/ -- New Media Insight Group, Inc. ("New Media" or "the Company") ( OTCBB: NMED), a leader in mobile payments, announced today that it has released a powerful new suite of custom app services and solutions for merchants, distributors and consumers.
"Our MPaay solution allows merchants, distributors, retailers and consumers to utilize a dynamic rewards, loyalty and mobile payment solution in nearly every popular mobile device including iPhones, Android devices, Windows and Fire phones," stated Michael Palethorpe, CEO of New Media.
According to a recent study conducted by Business Insider, 54% of all merchants will utilize mobile payments by the end of 2015. Fully developed mobile payment platforms that work in unison with existing credit card terminals typically retail for around $250,000, compared to New Media Insight's MPaay solution which allows retailers to offer a custom branded payment and rewards app for $1,000 fully installed.
"Mobile payments are clearly the next trend in mobile technology and we expect utilization to increase along with consumer's increased reliance on their smart phones. We suspect that many merchants want to deploy and utilize a mobile payment and customer rewards program that is as robust as say, the Starbucks App. Prior to the launch of MPaay, the cost to launch such a program was prohibitively expensive for all but the largest corporations. We want to change that by bringing a dynamic, personalized, customized and most of all affordable mobile payment solution for merchants and vendors. Our powerful and updated MPaay solution provides the ability for merchants to leverage their own brand, while managing and expanding their loyalty, gifting and rewards programs, and driving new customers to their location," added Michael Palethorpe, CEO of New Media.
About New Media Insight Group, Inc.
New Media Insight Group, Inc. ( OTCBB: NMED) is an innovative mobile payments company. New Media Insight recently launched MPaay, a system that allows merchants to accept mobile payments without any additional hardware other than an existing terminal that takes MasterCard. New Media Insight is employing a two-fold strategy building local merchant sectors, along with Channel Marketing Partners to drive MPaay adoption.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to any future sales of MPaay, the features and security related to the MPaay, any benefits that MPaay may provide to medium and small businesses, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE New Media Insight Group, Inc.