Social Network Sonico.com Partner With GlobalCollect

. September 15, 2009 . 0 Comments

The popular Latin American social networking platform www.sonico.com offers its over 40 million registered users a safe and fun environment to connect and stay in touch with real-life friends, colleagues, and family. The partnership with GlobalCollect enables Sonico to process international online credit card payments via Visa, MasterCard, and American Express for its premium subscription services. Future plans entail expanding the range of payment methods to include local and alternative options.
Both companies had already established a fruitful business relationship indirectly in 2006, when GlobalCollect started processing online payments for Clon Communications –

Sonico’s sister company – an online retailer of various prepaid cards. Based on Clon’s positive history with GlobalCollect – Clon’s international online transactions have quadrupled since then – Sonico decided to partner with GlobalCollect as well for its online payment needs.

Gustavo Victorica, CFO of Sonico, said: “We chose GlobalCollect on the basis of its comprehensive portfolio of payment methods. This, plus its single-interface payment platform supporting multi-currency online payment transactions will help us boost conversion rates.”

Jan Manten, CEO of GlobalCollect, continued: “We welcome the opportunity to service Sonico.com, a popular and rapidly growing social network in Latin America. We believe that this region holds tremendous growth opportunities for all sorts of e-commerce activities in general, which is why we have decided to open a local office in Buenos Aires in the very near future.”

About Sonico.com Inc.

Founded in July 2007, Sonico is the social network of Latin America that organizes people’s life online. Developed with a strong emphasis in user legitimacy, privacy and personalization, it has been widely adopted across Latin America. This social communication platform has over 40 million registered users and allows individuals, organizations and brands to interact in a useful and entertaining way. Located in Buenos Aires and with a team of over 80 people, Sonico was elected by Business Week as the 5th tech startup with the highest global growth potential. Sonico closed its first round of capitalization of USD 4.3 million in May 2008.

About GlobalCollect

GlobalCollect is the world’s premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. www.globalcollect.com

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