DIMOCO, a payment institute for carrier billing services, has acquired Onebip, an Italian mobile payment company specialising in direct carrier billing services, from its former shareholder Neomobile.
Following the acquisition, Onebip has become a wholly owned subsidiary of DIMOCO Europe and employs 15 people in the city of Milan. It will be renamed to DIMOCO Italy, which will continue to use Onebip as a product brand.
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"The post-merger integration is in process and will take place over the next few weeks," Dimoco said in a statement.
DIMOCO will use Onebip’s existing payment hub and engineering staff under the terms of the deal.
The acquisition is expected to further enhance DIMOCO’s market share in the European carrier billing market.
DIMOCO president and CEO Gerald Tauchner said: "The combination of Onebip’s position in the Italian market with our broader European coverage will provide our clients with access to one of Europe’s largest mobile payment markets and will make inroads into major Latin American markets, such as Brazil and Mexico. The acquisition is also expected to result in greater efficiencies and significantly enhanced technical abilities."
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By GlobalDataOnebip exiting CEO Gianluca D’Agostino said: "I strongly believe that Onebip technology and its solution suite will have a significant impact on the DIMOCO brand. I see material synergies in this deal and the outcome will prove to be valuable for both merchants and mobile network operators."
