RSS feed Get our RSS feed

News by Topic

BizReport : Ecommerce archives : July 09, 2010

Yahoo taps Offerpal Media for alternative payments

Social gaming developers using Yahoo's Application Platform now have alternatives to cash or credit card based game monetization. The Internet brand has tapped Offerpal Media to power an alternative payments system which should give developers more option in the creation and deployment of social games, an increasingly big online pastime.

by Kristina Knight

yahoo.jpgAccording to a recent Nielsen report, App Playbook, games are the most used smartphone apps, and another report indicates that 'extreme' gamers may play for two or more hours each day.

Researchers have also found that ads served within online and social games - whether the app or online version - are more effective than similar ads outside the gaming universe. The report concludes that because gamers are so involved in their games they are more attentive to advertising.

Tapping into this growing base of consumers by giving them alternative payment options is one more way to build brand awareness and loyalty.

Offerpal Media will power alternative payments for social games within Yahoo's homepage, MyYahoo, Yahoo's Toolbar and Yahoo Pulse; Yahoo's hubs reach more than 600 million consumers each month. The platform will allow gamers to choose free trials, discounts, promotions or other offers from branded advertisers in exchange for more game play and opportunities.

The platform will give developers the ability to conduct A/B split testing on offers, obtain real time metrics, optimize and target offers and alternative payments. The platform also offers options such as mobile billion, micro-transaction solutions and prepaid debit cards as options for the consumer base.

Tags: alternative payments, in game advertising, Offerpal Media, social gaming, virtual cash, virtual goods, Yahoo

Subscribe to BizReport



Copyright © 1999- BizReport. All rights reserved.
Republication or redistribution of BizReport content is expressly prohibited without the prior written consent.
BizReport shall not be liable for any errors in the content, or for any actions taken in reliance thereon.