30 November 2015

MPowa signs white label deal with Portugal Telecom

05 February 2013  |  3472 views  |  0 globe

mPowa has signed a white label deal with Portugal Telecom for the carrrier to resell its mobile card reading dongle to local merchants and financial institutions.

Financial terms were not disclosed, but mPowa's CEO Dan Wagner tells TechCrunch that the deal is for seven years, worth multiple millions of dollars as a minimum commitment, and potentially covers some 100 million people across Europe, Latin America and Africa.

While competitors Square and iZettle aim for critical mass in North America and Europe respectively, mPowa is looking to build out its service in international markets through white label deals with telcos and banks. The company has been exploring partnerships in Africa, Asia, South America and Europe

Wagner tells TechCrunch that discussions with more carriers, as well as with banks, are in "late stages" after the company has been "inundated" with requests for partnerships.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

01 October, 2012
12 July, 2012
23 January, 2012

Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
8059 views comments | 34 tweets | 42 linkedin
Former Barclays chief forecasts massive jo...
6872 views comments | 29 tweets | 35 linkedin
BNP Paribas to test contactless payment di...
6295 views comments | 17 tweets | 25 linkedin
WeChat launches mobile wallet in South Afr...
6047 views comments | 19 tweets | 15 linkedin
Hilton confirms data breach
5674 views comments | 11 tweets | 17 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job