25 June 2017
Visit cib.db.com

MPowa signs white label deal with Portugal Telecom

05 February 2013  |  3963 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  |  13777 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  |  6742 views  |  1 comments
MPowa launches UK's Square

MPowa launches UK's Square

23 January 2012  |  21373 views  |  11 comments

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.www.fisglobal.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9644 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9199 views comments | 18 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8786 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8246 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7254 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job