Online payment service provider Ogone has
acquired mobile payment firm Tunz.com, while partnering with IT
& media specialist Belgacom to expand its electronic and mobile
services.
The acquisition of Tunz.com provides the Ogone
platform with a regulated e-money institution, enabling the company
to offer an end-to-end mobile payment cross-border service. Ogone
already serves some 35,000 e-merchant clients, who will now be able
to handle cross border payments without opening of foreign accounts
or having to deal with different acquirers.
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“Now is the time to invest in bullet proof
innovative mobile e-payment solutions. Our choice to acquire
Tunz.com was therefore a natural one, seeing that it has a solid
track record in the matter and it also provides one-stop solutions
for financial services,” Ogone chief executive Peter De Caluwe
said.
The deal has also been inked by Belgacom, who
previously owned a 40% stakes of Tunz.com, confirming the
pre-existent partnership with Ogone.
In accordance with the applicable legislation,
the deal will become effective upon approval by the National Bank
of Belgium.
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