France-based global technology provider Oberthur Technologies has completed the acquisition of mobile payments platform provider MoreMagic Solutions.
Under the terms of the acquisition, Oberthur Technologies and MoreMagic are set to provide mobile money services including end-to-end payment and money transfer services enabling mobile operators and financial institutions to deliver financial services in mobility such as proximity, remote payment and mobile banking.
In recent news, Romanian financial institution BRD, a subsidiary of French financial services company Societe Generale, has selected Oberthur Technologies for the latter’s dual interface payment cards with apps including payment schemes, as well as functionalities for transport, access control, PKI and biometry.
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