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February 3, 2014 02:24 pm GMT
Some more consolidation afoot in the world of mobile money. Monitise, a UK-based company that works with the likes of Visa to build and roll out mobile payment solutions across banks and other financial institutions, has acquired mobile commerce technology provider Pozitron for $100 million in an all-share deal. This is about inorganic expansion: Pozitron is based in Istanbul, Turkey and is most active in its home market and the Middle East, two regions where Monitise has been less strong.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EzRHioh3sww/
Monitise Buys Turkeys Pozitron For Up To $100M To Take Its Mobile Money Network To The Middle East
Some more consolidation afoot in the world of mobile money. Monitise, a UK-based company that works with the likes of Visa to build and roll out mobile payment solutions across banks and other financial institutions, has acquired mobile commerce technology provider Pozitron for $100 million in an all-share deal. This is about inorganic expansion: Pozitron is based in Istanbul, Turkey and is most active in its home market and the Middle East, two regions where Monitise has been less strong.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EzRHioh3sww/
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