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Wireless

IPS, Oltio sign licensing agreement

Thursday 21 February 2013 | 16:02 CET | News
Oltio, a South African technology company focusing on developing mobile payment solutions, has signed an agreement with Integrated Processing Solutions (IPS), a transaction processing joint venture between Standard Bank and Absa. The agreement gives IPS the South African licensing rights to Oltio's mobile payment system payD, management of the system's hardware (back-end) and the rights to the payD customer database. The payD solution allows consumers to pay for purchases on their mobile phones with their debit or credit cards and bank-issued PINs. The license arrangement will result in more

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Categories: Mobile & Wireless
Countries: South Africa
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