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Wireless

Seamless buys MeaWallet, to serve mobile payment operators

Wednesday 13 July 2016 | 12:23 CET | News
Swedish payments processing company Seamless Distribution said it is acquiring Norwegian technology company MeaWallet for approximately SEK 42.8 million through the issue of 4.57 million new shares in Seamless. The acquisition gives Seamless access to important contactless payment technology. Seamless will open a new business area where it will sell MeaWallet's technology to institutions who want to establish themselves in the mobile payments market.

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Categories: Mobile & Wireless
Companies: MeaWallet / Seamless Distribution Systems
Countries: Norway / World
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