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Seamless Distribution (NASDAQ:SEAM), a mobile payments technologies provider, has acquired Norwegian technology company MeaWallet AS for a purchase price of $5.04 million (SEK 42.8 million), helping push its contactless payments strategy, according to a Seamless statement.
The acquisition is important for Seamless’ payments ambitions and helps open up new business channels via MeaWallet´s technology. This caters to a number of different institutions, specifically those within the mobile payments market. For its part, MeaWallet provides technical solutions for cloud based payment services, leveraging Host Card Emulation (HCE) technology.
The recent deal will also see the acquisition of MeaWallet’s technology that helps aid Seamless’ ... (read more)