ViVOtech brings total funding to $96m | Mobile Payments | Mobile Entertainment

ViVOtech brings total funding to $96m

ViVOtech brings total funding to $96m
Tim Green

by

Payments / NFC / March 27th 2012 at 4:28PM

NFC POS specialist hoping to cash in on contactless boom – as are its investors...

ViVOtech provides apps, 'trusted service management' software and POS devices to retailers and all the other players in the complex mobile commerce ecosystem – operators, OEMs, OTT players etc.

So far, it has shipped nearly one million NFC payment readers to 328 customers in the US and 181 customers internationally.

That's believed to be more than half of all installed NFC readers in the world.

"Companies across the mCommerce ecosystem are racing to capture their share of what is expected to be a massive opportunity," said Michael "Mick" Mullagh, ViVOtech's executive chairman.

"This is driving strong demand for our software and systems. With this latest financing, we're armed to extend our leadership position providing the infrastructure needed to deliver on the promise of mCommerce."