AppTech, a financial services and information technology company, has agreed to purchase FlowPay, a cloud-based mobile payment platform for the tax exempt non-profit market.
AppTech said that FlowPay’s mobile payment software combined with AppTech’s cloud infrastructure will help accelerate growth and bring significant value to AppTech shareholders.
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FlowPay has developed a real-time mobile gifting service, with the next generation of text-messaging software integrating web embedded content, digital media, and secured text-messaging.
Wayne Steiger, FlowPay founder and CEO, said, "We are very excited at FlowPay as AppTech shares the same vision towards the mobile payment market and future of social payment. We are seeing rapid growth in mobile payments and AppTech will bring simple and powerful messaging payment capabilities to new markets."
AppTech said that the financial terms of the deal will be disclosed in the company’s next quarterly filing and registration statement.
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