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August 29, 2012updated 04 Apr 2017 4:14pm

Ogone acquires m-payment firm Tunz.com

Online payment service provider Ogone has acquired mobile payment firm Tunz.com, while partnering with IT & media specialist Belgacom to expand its electronic and mobile services The acquisition of Tunz.com provides the Ogone platform with a regulated e-money institution, enabling the company to offer an end-to-end mobile payment cross-border service Ogone already serves some 35,000 e-merchant clients, who will now be able to handle cross border payments without opening of foreign accounts or having to deal with different acquirers

By Sara Perria

Online payment service provider Ogone has acquired mobile payment firm Tunz.com, while partnering with IT & media specialist Belgacom to expand its electronic and mobile services.

The acquisition of Tunz.com provides the Ogone platform with a regulated e-money institution, enabling the company to offer an end-to-end mobile payment cross-border service. Ogone already serves some 35,000 e-merchant clients, who will now be able to handle cross border payments without opening of foreign accounts or having to deal with different acquirers.

“Now is the time to invest in bullet proof innovative mobile e-payment solutions. Our choice to acquire Tunz.com was therefore a natural one, seeing that it has a solid track record in the matter and it also provides one-stop solutions for financial services,” Ogone chief executive Peter De Caluwe said.

The deal has also been inked by Belgacom, who previously owned a 40% stakes of Tunz.com, confirming the pre-existent partnership with Ogone.

In accordance with the applicable legislation, the deal will become effective upon approval by the National Bank of Belgium.

 

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