News stories featuring Famoco:
White paper explores how dedicated Android NFC devices can be used to improve the delivery of financial services in emerging markets
March 23rd, 2017
Secure, affordable and dedicated Android NFC devices issued to local agents, farmers and financial institutions in emerging markets are improving the delivery of a wide range of services including branchless banking, know your customer procedures and food aid distribution, according to a 19-page white paper that is now available to download from the NFC World Knowledge Centre.
May 17th, 2016
Orange is to introduce NFC into its Orange Money service by the end of this year, allowing users to make payments by tapping an NFC sticker on their mobile phone on an NFC reader supplied by French startup Famoco. “Ultimately, we should sell between 40,000 and 50,000 readers to Orange,” Lionel Baraban, co-founder of Famoco, told French publication Le Monde. NFC will be added to the service in the Ivory Coast, Guinea, Madagascar, Mali, Morocco, Senegal and Tunisia.
July 7th, 2015
French NFC device maker Famoco has secured €4m in a financing round led by Hi Inov. “Famoco will allocate a significant portion of its funding to R&D but also to international expansion, particularly in emerging countries and in the US market in the medium term,” the company says, after selling 10,000 terminals in 2014, with 60% of sales outside of France. Famoco unveiled its B2B Android NFC device in 2013.
April 1st, 2014
Lisbon-based contactless ticketing provider Card4B is to offer Famoco’s FX 100 Android NFC tablet to public transportation operators for ticket validation applications on board buses and other services and, later, for topping up travel passes in retail outlets.
November 6th, 2013
NFC device maker Famoco has raised a US$1million finance round from two venture capital funds. “After two years of research and development of the business in Asia, this new investment will help Famoco to continue opening new markets in EMEA,” says CEO and co-founder Lionel Baraban. In October the company launched its FX 100, a lockable NFC device aimed at business use.
October 8th, 2013
Technology startup Famoco has begun shipping the FX 100, a US$200 Android device that runs a custom version of Android 4.0, enabling settings to be locked by system administrators so that it can only be used for pre-authorized functions.
February 25th, 2013
Think&Go NFC is demonstrating a new NFC device from technology provider Famoco at Mobile World Congress 2013. The Famoco FX 100 Series is an Android-based device which can operate in all three NFC modes — tag…
February 11th, 2010
The country’s third largest mobile network operator is testing non-NFC standard RF SIM technology in Shanghai, where China Unicom is already running an NFC trial.
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