16th Sep 2015 08:28
LONDON (Alliance News) - Mobile commerce company Proxama PLC on Wednesday said it has secured a new contract which will start this month with an unnamed bank in the Middle East.
Proxama, which did not provide any financial details on the agreement, said its digital payments arm will provide its Proxama PIN Manager platform to allow the bank to move away from its current method of posting PIN numbers to customers.
"We are very pleased to have won this contract with a market leader. The Middle East is an important territory for us it is a very good entry point into the region and further confirmation of the strength of our PIN Manager solution," said Mike Woods, the chief executive of Proxama's payments arm.
Shares in Proxama were up 0.6% to 1.2823 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Proxama