Mobile payments behemoth grows to intimidating strength with purchase of former partner.
Sybase believes the purchase will beef us its m-commerce and 'Unwired Enterprise' strategies, and extend its presence in emerging markets. The deal brings a full suite of mobile payment solutions for person-to-person remittances, payments for goods and services, mobile airtime top-ups and bill payments from a mobile device.“This acquisition is a natural progression of the partnership agreement signed between the two companies in Q4 last year. paybox and Sybase share the same vision for mobile commerce that is in line with where the market is headed and what customers are demanding from their mobile phones,” said Eckhard Ortwein, CEO of paybox.
Sybase boasts connectivity to more than 700 mobile operators.
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