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FEXCO completes deal for FLASHiZ

Wednesday 23 October 2013 10:36 CET | News

Global financial services company FEXCO has completed a deal to acquire majority holding in Luxembourg-based mobile payments and loyalty start-up FLASHiZ. BNP Paribas Personal Finance has also taken a strategic minority shareholding in FLASHiZ.

FLASHiZ uses QR codes and NFC tags to complete payments in store, online, person-to-person or for bill payment. Its software can also be integrated into mobile business applications managing loyalty and coupon programs, mobile marketing campaigns and e-ticketing solutions such as transport, vending and parking systems. The FLASHiZ mobile application is available for iPhone, Android and Blackberry devices.

FLASHiZ technology is integrated into a number of existing point of sale (POS) providers allowing those retailers to accept FLASHiZ payments. For smaller retailers, the FLASHiZ app can be downloaded onto an iPad or Android tablet and used in store to accept non-cash payments.

Established in Ireland in 1981, FEXCO employs 1,800 people in Ireland, the UK, the US, Asia Pacific, the Middle East and Australia.

In recent news, FLASHiZ was set to launch its payment and loyalty solution in Australia.


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Keywords: FEXCO, FLASHiZ, mobile payments, loyalty start-up, mobile start-up, BNP Paribas Personal Finance, shareholding
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce