British business trailblazes the way to its second multimillion international deal
British tech company mPowa has just consolidated its position in the m-commerce space by signing its second multimillion pound international deal within six months of its launch. The company was founded by serial tech entrepreneur Dan Wagner, who has built globally leading companies on predicting the next big technical innovation a number of times previously in his business career. The service which mPowa offers allows companies to accept mobile credit and debit card payments on the go anywhere, by transforming any smartphone or tablet across all platforms into an electronic till.
Dan Wagner, CEO and Chairman of mPowa, commented: “Last October mPowa signed the largest deal in its sector worldwide to supply its devices and payment infrastructure to First National Bank in South Africa. Hot on its heels we recently signed a breakthrough agreement with Portugal Telecom, which was the first of its kind in Europe. Under both these deals, mPowa will white label its service to its partners.
Dan went on to explain the background to both deals: “These deals demonstrate how important it is currently, for both banks and telecoms companies, to offer mobile payments as part of their portfolio of essential services to their customers, both to retain and to extend their market share.
“The most forward-looking companies everywhere have understood that mobile commerce is not an optional bolt-on to traditional commerce – it actually is the future of commerce. With the increasing ubiquity of smartphone devices and mobile internet services, the number of mobile phone and tablet users accessing the internet it is likely in many countries soon to outstrip those of PC and laptop users. People everywhere across the globe will increasingly choose not just to research, but also to complete their purchases on the go, wherever they are, on phones or tablets. This offers traders - and therefore all those who facilitate trade, including banks and telecoms – access to millions of potential new customers and billions of potential new transactions across the globe.”
Dan continued, “We are fortunate in that mPowa is located at the confluence of the global ecommerce (worth $317 billion), global credit and debit card acceptance ($15 trillion), and global retail ($12 trillion) markets. The technology is available to use anywhere across the globe, and we anticipate further deals for mPowa in other markets around the world, potentially initially in Brazil, where Portugal Telecom is present, in other African countries and in Europe.”
mPowa will be exhibiting at Cartes Asia in Hong Kong on 27-28 March and Cartes America in Las Vegas on 23-25 April as part of its global expansion. mPowa will also be speaking at the conference sharing innovation from projects in Europe, Africa and Latin America. mPowa will be available for press interviews and discussions with interested parties looking to implement mobile payment solutions into their businesses.
mPowa is a point of sale device that enables credit and debit card payments to be made on the go. It consists of a mobile phone app for iPhone, iPad, Android, Windows or Blackberry devices, and a card reader. The reader is a Chip & PIN device which connects to the mobile device via Bluetooth. It is the first service of its kind in the UK.
mPowa was reviewed by The Sunday Times as its gadget of the week: http://tinyurl.com/9sbjc6w.
mPowa was created by multi award-winning serial entrepreneur Dan Wagner. Dan set up mPowa as the mobile off-shoot of his ecommerce and web publishing platform for small businesses called Powa Technologies. Previously, he established Venda – the world's largest 'on demand' ecommerce provider - and Locayta – sophisticated search and profiling technology - both are now global leaders in their fields. Dan has been described by the Financial Times as a ‘lone ranger with a mass target’ http://tinyurl.com/d9cerax.
For more information, please visit www.mpowa.com or contact:
Tel:+44(0) 203 357 9746