The latest signing of two new Chinese developers follows SmartTrans announcement in September that four China smartphone game developers had also signed up.
According to SmartTrans, since the September signings, $200,000 of net royalty revenues have already been booked, after deduction of amounts payable to the telco and content providers, for the billing of games and content in China.
The company earns its revenue by processing the payment through its embedded billing platform and receiving payments collected by its telco partners.
“SmartTrans has enviable market reach to consumers in China through the direct-to-phone billing arrangements it has in place with the three major telcos – China Mobile, China Unicom and China Telecom – who report that they collectively have some 1.3 billion mobile subscribers,” Carr said.
“These new agreements demonstrate that Chinese mobile game developers recognise the benefit of our payments platform and can see the benefits of our marketing and distribution channels through our payment partners.
“We have already generated $220,000 of revenue from royalty and transaction fees and we expect this number to grow as we bring on new mobile game and content partners and benefit from repeat consumer purchases. We are continuing to pursue other agreements in the mobile games market and we are aggressively pursuing these opportunities.”