27 February 2017
visit nextgenbanking.co.uk

MPowa signs white label deal with Portugal Telecom

05 February 2013  |  3863 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)

Finextra news in your inbox

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

Related stories

MPowa reports First National Bank deal; denies own claims on Visa acceptance

MPowa reports First National Bank deal; denies own claims on Visa acceptance

01 October 2012  |  13532 views  |  3 comments | 3 tweets
Square sets lawyers on mPowa over Web site pic

Square sets lawyers on mPowa over Web site pic

12 July 2012  |  6647 views  |  1 comments
MPowa launches UK's Square

MPowa launches UK's Square

23 January 2012  |  21214 views  |  11 comments

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...
A Finextra member Finextra Member Commented on: Bank consultancy Zeb o...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
13730 views comments | 53 tweets | 74 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8914 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
7728 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7510 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7360 views comments | 19 tweets | 18 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job