News stories featuring Powa Technologies:
March 7th, 2016
Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month. The company’s ecommerce platform PowaWeb has also been sold to UK-based digital business group Greenlight Digital. The Financial Times reports that the sales were for “undisclosed amounts” and questions the “typically used” valuation of Powa Technologies at US$2.7bn.
February 22nd, 2016
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.
January 25th, 2016
German retail giant Otto Group has partnered with Powa Technologies to offer its customers mobile payments through PowaTag, a service that lets consumers make purchases by capturing ‘PowaTags’ using their mobile device. The partnership follows Otto Group’s decision to close its Yapital mobile payments service in November 2015.
December 9th, 2015
Xbox One gamers across the US can now make online purchases from the game console’s new ecommerce store by scanning on-screen barcodes with their mobile device. TV commerce solutions provider Von Bismark has worked with Powa Technologies to roll out The Mall on Xbox One, which will make use of Powa’s mobile payments platform PowaTag.
August 25th, 2015
Shoppers across Denmark will be able to make purchases from billboards, bus shelters and street furniture from outdoor advertising corporation JCDecaux subsidiary AFA JCDecaux via Powa Technologies’ mobile payments platform PowaTag. “AFA JCDecaux will utilise the PowaTag offering in 20 key cities including Copenhagen, Aarhus, Aalborg, Odense and Vejle,” Powa says. The news follows Powa’s partnership with Denmark’s Danske Bank to integrate PowaTag into its MobilePay banking app.
August 3rd, 2015
Pay-as-you-go customers of Vodafone UK can now top up their mobile phones via Powa Technologies’ mobile payment platform PowaTag in more than 500 Vodafone stores as well as Argos, Brighthouse, Co-Op, Sainsbury’s, Tesco, JD Williams and Wilkinson. The platform is already in use by France’s Teleshopping, Denmark’s Danske Bank and retailer Comptoir des Cotonniers.
July 7th, 2015
More than 400,000 viewers of France’s largest television shopping network will soon be able to buy products featured on the TV channel by holding up their smartphone to the screen to scan audio tags that will then…
May 26th, 2015
Denmark’s Danske Bank is to build support for mobile commerce platform PowaTag into its MobilePay app, allowing two million Danes to order and pay for goods with their smartphones via ‘virtual boutiques’ generated by PowaTag…
November 11th, 2014
October 15th, 2014
UK supermarket giant Tesco is conducting a one week test of Powa’s PowaTag mobile payments technology at its Dean Street store in London. To promote the service, a free lunchtime Meal Deal was offered on 13 and 14 October to the first five hundred shoppers to download the PowaTag app and use it to pay with their mobile phone.
June 12th, 2014
Mobile payments provider Powa Technologies has acquired Hong Kong-based MPayMe for US$75m and signed up Taiwan Mobile to offer its PowaTag mobile payments platform. As a result of the MPayMe deal, “Powa’s worth is now…
June 2nd, 2014
French fashion retailer Comptoir des Cotonniers is using a platform developed by Powa Technologies to turn posters, billboards, magazines, cafe table tops, postcards, flyers and clothing into ‘virtual boutiques’ that let consumers order and pay for…
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