12th Jun 2014 11:06
LONDON (Alliance News) - Shares in Proxama PLC rose Thursday after it said it has partnered with PrePay Solutions to provide mobile contactless payment services to PrePay's customer base.
Proxama shares were trading were up 9.9% at 5.00 pence Thursday midday.
Proxama, the mobile commerce, loyalty and payment services provider, said the two companies are collaborating to enable PrePay Solutions' customers to make contactless payments via their mobile device.
PrePay Solutions is a prepaid and technology services provider, jointly owned by Edenred SA and MasterCard Inc.
Proxama said the partnership opens up new opportunities to capitalise on the two companies' existing customer bases.
"This collaboration with PPS [PrePay Solutions] marks an important step forward for mobile engagement and will certainly help drive mobile contactless payments uptake," said Founder and Chief Executive Neil Garner in a statement.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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