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Acquisition

News about Acquisition.

PayPal buys money transfer provider Xoom

July 2nd, 2015

PayPal has bought digital money transfer provider Xoom for about US$890m. “Xoom is a leader in international remittances, enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way using their mobile phones, tablets or computers,” PayPal says.

Google to acquire Tesco’s Clubcard division?

June 22nd, 2015

Google is reported to be considering acquiring the Tesco-owned loyalty agency that is responsible for the development of the supermarket giant’s Clubcard rewards scheme. “Google would like to use Dunnhumby to offer more reward and loyalty bonuses for Android Pay users,” IT Pro Portal reports. “Acquiring Clubcard may allow Google more insider knowledge as to the workings of the UK market.”

TAG Systems acquires shares in Seglan

May 29th, 2015

Smart card-based solutions provider TAG Systems has entered into the mobile payments space by acquiring shares in Seglan, the company behind Spanish bank Bankinter’s HCE-based mobile payments service. “As a result of this operation, TAG Systems will offer mobile solutions based on HCE and tokenization to financial institutions, transport operators and merchants,” TAG Systems says.

Apple in buy out talks with Clinkle?

May 18th, 2015

Apple has reportedly been in acquisition talks with troubled mobile payments startup Clinkle amidst claims that seven of the company’s staff quit their roles last week following frustration with CEO Lucas Duplan. “This is only the latest bad news after years of ridicule for its massive $30m funding round despite lacking a publicly available product, and highly critical reports of Duplan’s leadership through repeated layoffs at Clinkle,” TechCrunch reports.

Samsung ‘paid $250m for LoopPay’

May 14th, 2015

Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode. The figure could rise based on executive or company performance but “the terms of the earnouts are not known”.

Visa in talks over $20bn Visa Europe acquisition

May 12th, 2015

Visa is in preliminary talks to buy former subsidiary Visa Europe in a deal that may be valued at as much as US$20bn. “The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides can’t agree on a price,” Bloomberg reports. “Visa Europe is owned by more than 3,000 European banks and has a put option that would force its former parent to buy it within about nine months if at least 80% of its board agrees.”

O2 buys out Weve partners and drops mobile payment plans

May 5th, 2015

O2, one of the three UK mobile network operators that formed the mobile commerce joint venture Weve three years ago, has bought out partners EE and Vodafone to operate the brand as a wholly-owned subsidiary — and… More

PayPal explains why it’s buying mobile wallet provider Paydiant

March 20th, 2015

“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really… More

Square buys mPOS developer Kili

March 12th, 2015

Square has bought Kili Technology, the Canada-based mPOS startup that acquired NFC-on-microSD pioneer DeviceFidelity in November 2014. Together, says Square, “we’ll continue to lead the way in delivering simple and affordable hardware that gives our sellers a smarter and safer way to do business”.

Samsung Pay’s success in the US is not assured, says expert

March 2nd, 2015

Google’s recent acquisition of Softcard’s NFC payments business may hit Samsung Pay’s prospects for widespread US adoption hard, says a respected payments consultant. Commenting on Samsung Pay’s launch, Tom Noyes is enthusiastic about the system’s mechanism for wider merchant acceptance but, he writes, “even if it were ready today it will never be pre-loaded on ANY phone in the US given the recent Google/Softcard deal with all three major US MNOs.”

Samsung confirms mobile wallet ambitions with LoopPay deal

February 19th, 2015

Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals. LoopPay’s technology is expected to form part… More

Mozido buys PayEase

February 10th, 2015

Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market. The move follows the company’s acquisition of mobile commerce specialist CorFire in December 2014 and a US$2.5m investment in SimplyTapp last week.

Snapchat adopts QR friending

February 3rd, 2015

Photo messaging platform Snapchat is letting users add friends to their social network by scanning Snaptags, unique QR codes assigned to each user. “Leaked emails from the Sony hack revealed SnapChat quietly acquired a QR code startup called Scan.me late last year,” TechCrunch reports. “Now it makes sense why Snapchat would want to pay $50m for Scan.me, which built a system to connect QR codes to people’s identities.”

NFC pioneer Proxama cuts jobs ahead of trading update

January 29th, 2015

UK-based mobile marketing and NFC pioneer Proxama has announced a round of redundancies at its Norwich headquarters with up to 21 people believed to be at risk of losing their jobs. The cuts were announced… More

Google in talks to buy Softcard to combat Apple Pay?

January 19th, 2015

Google is responding to the successful launch of Apple Pay by going on the mobile payments acquisition trail, according to industry rumours — and US carrier-owned NFC venture Softcard, which laid off 60 staff last week,… More

Mozido buys CorFire

December 19th, 2014

Cloud-based mobile payments platform provider Mozido has acquired the majority ownership of mobile commerce specialist CorFire, previously wholly-owned by South Korean IT services provider SK C&C. “By adding [Corfire’s] strength in NFC-enabled mobile wallets to Mozido’s extensive mobile financial services and retail marketing capabilities, we can now give merchants around the world access to a powerful mobile ecosystem,” says Mozido’s Michael Liberty.

Kili acquires NFC microSD pioneer DeviceFidelity

November 12th, 2014

NFC-on-microSD pioneer DeviceFidelity has been acquired by Kili Technology, a payments processing solution provider which launched an mPOS “solution-on-a-chip” range last month. DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain… More

Boku buys carrier billing rival Mopay

October 8th, 2014

Boku, the carrier billing specialist which is working with UK networks to let customers charge the cost of physical goods to their mobile phone bill, has acquired Germany-based rival Mopay. “The combined assets of the two companies will offer greater scale and operational efficiency and a more standardized carrier billing solution to the benefit of merchants, carriers and consumers alike,” Boku says.

Korea’s SK Planet buys US BLE offers platform Shopkick

September 29th, 2014

Mobile offers platform Shopkick, which is working with a number of high profile US retailers to roll out a network of Bluetooth Low Energy (BLE) beacons, has been acquired by SK Planet (SKP), operator of… More

Twitter buys Cardspring

July 18th, 2014

Twitter has acquired card-linked offers platform Cardspring for an undisclosed sum. “As we work on the future of commerce on Twitter, we are confident the CardSpring team and the technology they have built are a great fit with our philosophy regarding the best ways to bring in-the-moment commerce experiences to our users,” Twitter says.

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