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Cherry Credits
Type
Founded 2007
Headquarters Singapore
Key people Addison Kang
Industry E-commerce
Website http://www.cherrycredits.com/

Cherry Credits is a Singapore based e-commerce business allowing payments to be made through the Internet using its Unified Global Virtual Credits known as CC. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Singapore For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Electronic commerce, commonly known as e-commerce' or eCommerce, consists of the buying and selling of products or services over electronic A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Singapore Electronic commerce, commonly known as e-commerce' or eCommerce, consists of the buying and selling of products or services over electronic

Contents

History

Headquartered in Singapore and spearheaded by Addison Kang during 2007, Cherry Credits provides micropayment solutions for digital content developers, publishers and aggregators. Singapore Micropayments are means for transferring very small amounts of money in situations where collecting such small amounts of money with the usual Payment systems is impractical Cherry Credits' billing system is powered by New Economy eXchange Technology (NEXT), a proprietary billing system developed in-house.

Cherry Credits' payment collection model targets consumers who do not possess credit cards, bank accounts and mobile payment accesses. A credit card is part of a system of Payments named after the small Plastic card issued to users of the system The niche importance and existences of this group of consumers to businesses is illustrated in The Long Tail concept. The phrase The Long Tail (as a Proper noun with capitalized letters was first coined by Chris Anderson in an October 2004 Wired magazine It was also a highlight of the Games Convention Asia 2007 conference seminar titled "Micropayments for Games". The Games Convention (sometimes called the Leipzig Games Convention, and abbreviated as GC) is an annual Video game event in Leipzig, [1]

Cherry Credits Physical Scratch Card

Binding the concept of scratch cards and UGVC, Cherry Credits introduced a "purchase over the counter" global scratch card with prepaid CC value. A scratchcard (also called a scratch off, scratch ticket, scratcher, scratchie, scratch-it, scratch game, scratch-and-win

The UGVC in the Cherry Credits Physical Scratch Card is referred to 'CC’. Consumers can purchase these scratch cards and use CC to purchase in-game items, subscriptions and other digital contents with Cherry Credits and any authorized merchants. Cherry Credits will gradually expand to provide global consumers with the scratch cards as well. [2]

Cherry De Mall

Cherry Credits users can purchase products from the following Merchants: [3]

References

  1. ^ GC Asia Conference Speakers
  2. ^ About Cherry Credits
  3. ^ Cherry De Mall

External links

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