Friday 25 July 2014 | RSS

 
Feedback
 
 

 

Gemalto buys Ericsson’s mobile payments business

Gemalto has acquired Ericsson’s Internet Payment Exchange business outside the US, including its NFC TSM service, for an undisclosed sum.

Gemalto

IPX will join Gemalto’s Software & Services business line, within the company’s mobile communications division.

“As part of Ericsson, IPX has built a robust platform and a worldwide business,” says Richard Anell, head of IPX. “Going forward, Gemalto’s dedication to developing mobile money, mobile identity and mobile security, and expertise in advanced secure cards and NFC, will be key to expanding our offers and accelerating our growth. We are very pleased and excited to have a new owner with great interest in our business and such complementary solutions.”

“Acquiring IPX is a natural step for us in supporting the ramp up of MNO and mobile service providers related payment and identity services,” says Olivier Piou, CEO of Gemalto. “IPX’s positioning, as an international player built on Ericsson advanced technology, is really a perfect fit with Gemalto.”

More headlines...