Powa Technologies acquires MPayMe

Friday 13 June 2014 00:15 CET | News

International ecommerce startup Powa Technologies Group has acquired Hong Kong-based mobile solutions provider MPayMe in a move to extend its global reach and provide an enhanced payment solution for the retail, telecoms and utility industries.

The merger between the two privately held companies will see Powa Technologies and MPayMe operate as a single global entity under the Powa brand to bring in a class of universal mobile payment that is set to reach customers and merchants across Europe, Asia and the US.

PowaTag, a mobile commerce solution that enables shoppers to complete purchases by scanning tags on anything from products to billboards, is set to use ZNAP’s pbSecurePay app for global billing and mailing Pitney Bowes to enable payment for approximately 23 billion utility bills a year.

In recent news, Powa Technologies has entered a strategic partnership with Swiff, a global provider of mobile payments, to bring PowaPOS to its customer base.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Powa Technologies, MPayMe, PowaTag, mobile, commerce, retail, telecoms, utility, payment, pbSecurePay
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events