10th Jun 2015 10:24
LONDON (Alliance News) - Proxama PLC Wednesday said the announcement on Monday by Apple Inc that its Apple Pay service will be launched in the UK in July as "good news" for Proxama and the mobile payments sector in general, particularly in relation to the recent launch of Proxama's Digital Enablement Platform.
The mobile commerce company said Apple is a market leader, and it expects businesses to accelerate their plans towards switching to mobile contactless payments in the UK.
"Apple Pay, launching initially in the US and now in the UK and elsewhere around the world, fully endorses our long-held vision of smartphones being used for digitised card-based payments. It will accelerate Proxama's ability to allow card issuers to enable their card portfolios for mobile deployment," the company said in a statement.
Shares in Proxama were trading down 3.8% at 2.02 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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