Mobile payments provider Zong is in operation since 2008, as it allows you to pay for things like virtual goods online, via direct billing to your mobile phone. It has emerged as a market leader in alternative payments systems. Facebook appreciates it so much that it has become the mobile payment provider for Facebook Credits.

However, in turn of events the company has been cut off from its European parent, Echovox and the Echovox founder David Marcus moved to the US to run the operation of quite established Zong. And free from the parent company Zong has emerged as independent company in which Matrix Partners has invested $15 million around and other partner Dana Stadler joined Zong’s board of directors.

Partnership with Stadler is a big achievement for the Zong, he is former Chief Technology Officer of PayPal and be very handy in case company touches sales the volumes of payments. Last year Zong also started expanding beyond mobile payments by allowing users to bill goods to credit, debit and prepaid cards. As that expansion progresses, the company will need resources to do that intelligently. Stadler, who initiated projects at PayPal including PayPal Mobile and the PayPal Developer Platform, will certainly guide them in the right direction.

zong-mobile-payment-system