Posts Tagged ‘mentez’

Zynga takes aim at Latin America – Partners with Mentez

Wednesday, March 23rd, 2011

It’s GDC time again, and it looks as though this year is on track to be yet another media and release-fest. With all the great information coming out of San Francisco, it’s often difficult to decide on just what to focus on. Already in full swing, leading Latin American social games publisher Mentez has recently announced a partnership with the world’s largest social games developer, Zynga. The partnership seeks to make it easier for Latin American players to take full advantage, and enjoyment of, Zynga’s top titles. The deal will see Mentez distributing Zynga Game Cards and PINS to more than 1 million retail locations and Internet Café’s across the region. The production of this deal has obviously been in the works for quite some time, as Mentez began distribution on February 18th in Brazil, with Mexico and various other Latin American countries getting the goods soon.

“Latin Americans really love Zynga’s games,” said Mentez CEO Juan Franco. “These players are very interested in purchasing goods in their favorite Zynga games and the partnership with Mentez will give them an alternative payment method to credit cards, which are not widely used by consumers in this region.”

So it seems as though we might now have a clearer picture as to what end Zynga’s been raising more cash for. This partnership with Mentez is clearly only the tip of the iceberg, as Zynga will be providing new options for Latin American players – and what better way to connect with them via a localized operation that simply distributes the goods, takes a cut, and watches the loot roll in. Zynga’s also issuing Game Cards available at smaller currency values, giving more players more choices for the amounts they want to spend on Zynga’s catalogue of virtual goods. I wonder if they’d consider the same in U.S./European markets?

The additional sweetener of this deal is Mentez’s own alternative payment network; Paymentez. Publically launched in November 2009, the platform currently has around 4 million active users, and handles approximately 650 transactions per second. Through this new partnership, Zynga will tap into this existing payment platform, allowing players to pay for goods via local credit cards, bank transfers, and in person for cash at pharmacies, newsstands, and Internet Cafés.

And while the International Trade Administrations March 2008 report indicates that per capita credit card usage in Latin America is much lower than North American usage, there’s still a massive market waiting to be tapped. The report indicates that countries including Chile, Mexico, Venezuela, Colombia, Argentina, and Brazil have less than 1 credit card in circulation per person. The average U.S. figure is closer to 2.5 credit cards per person. On the other side of the coin, ComScore indicates that there are 73M and 32M Facebook and Orkut monthly users in Latin American, respectively. Given current and past social gaming data, and then backing it off a bit to compensate for the market, Zynga and Mentez are looking at a 42M – 52M unique user market. And even if all of these uniques aren’t credit card holders, they’re now free to pay up at every pharmacy, newsstand, or Internet Café.

 

Social Gaming going big in Latin America

Tuesday, August 10th, 2010

Latin America’s largest social gaming publisher, Mentez recently announced that they’ve recently received an injection of fresh capital, provided by New York based Insight Venture Partners. The exact amount remains undisclosed, but Mentez plans to use the investment to expand its social gaming offerings, thus enhancing their leading position in the Latin American market.

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“We see increasing demand across Latin America for fun and engaging social games,” said Juan Franco, co-founder and CEO of Mentez. “This investment from Insight Venture Partners will help us expand inside Brazil – which is our dominant market – as well as help us take advantage of the broader opportunities in Latin America. We’ve been laying the groundwork for this new phase in Mentez’s growth, and Insight Venture Partners fully supports our expansion plans.”

The majority of Mentez’s offerings reside on the Google owned Orkut, a social network that one might compare to Bebo, in so much as, “it’s never really caught on in the North American market.” Orkut does, however, have a massive following in Latin and South America, where 50+ million daily active users visit the platform. Mentez manages over 21 games on Orkut, as well as 7 on Facebook, garnering a staggering 22 million active players every week. As a testament to their involvement and reach in the Latin/South American market, Mentez are the folks that distribute the now Disney owned Playdom titles on Orkut, most notably Tiki Resort and Bola.

Mentez’s impressive credentials don’t end with big name relationships with Google and Disney. They also offer virtual branding options, and have worked with major brands including Kraft, Walmart, Samsung, Hyundai, American Express, and 20th Century Fox. Their most recent campaign with Kraft foods involved special cocoa seeds offered in the number 1 Orkut game, Colheita Feliz (Happy Harvest), whereby players could plant and grow chocolate trees. The end product was a Kraft branded chocolate bar (Mini Bis) that happy harvesters could use, steal, or give to friends. The four week campaign generated a landslide of Twitter, YouTube, and blog buzz.

“We looked at multiple social gaming publishers in Latin America, and – in additional to being the leading Brazilian social gaming company – we believe that Mentez’s strong management team has the experience and strategy to win in adjacent markets,” said Jeff Horing, managing director at Insight Venture Partners. “The high quality of Mentez’s content, its strong player base and its developer relationships will result in continued success for the company.”