Sunday 11 December 2016 | RSS

 
    Feedback
     
     

    News in brief

    Powa goes into administration

    News in brief

    The company behind the PowaTag mobile payments platform has gone into administration, the Financial Times reports. Powa Technologies CEO Dan Wagner “sent an email to staff on Friday telling them that Wellington Management, its largest investor, had called in loans that it had made to the company and forced it into administration,” the publication says. The news follows reports late last week that the company had failed to pay its staff and suppliers.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 22 February 2016, 13:39

    More headlines...