Oberthur completes acquisition of MoreMagic
22 June, 2012
category: NFC
Oberthur Technologies has completed its acquisition of Boston-based mobile payments company MoreMagic.
Announced in February 2012, the acquisition will enable Oberthur and MoreMagic to build a comprehensive suite of mobile commerce and financial services solutions, including a secure mobile wallet infrastructure and an end-to-end NFC system.
According to Oberthur, these offers will enable mobile operators, financial institutions and other non-telecom service providers to deliver P2P transfers, mobile banking, proximity and remote payments to their customers.
Solutions resulting from the merger will be included in Oberthur’s portfolio and will be available through its global sales network.