According to the press release, the EVONET Global platform aims to create a new revenue stream and boost the competitive advantage of connected mobile wallet partners by offering digitised financial services and cross-border retail payment services.
The proceeds will be used to set up a platform for financial services to support interoperability among mobile wallet operators, QR code acquirers, and financial service providers. Once established, the platform will enable cross-border retail payment transactions and digitised financial services such as remittance, insurance, and other services on mobile wallets globally.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.