Milliyet – British technology company Monitise has acquired Turkish mobile payment services specialist, Pozitron for USD 100 million.
Providing mobile payment solutions to enterprises in and around Türkiye, Istanbul-based Pozitron has clients in a number of sectors including banking, telecommunication, retail and pharmaceuticals.
“This acquisition of Pozitron further reinforces our leading position as a global technology enabler at the heart of the Mobile Money ecosystem,” said Monitise Group CEO, Alastair Lukies about the deal.
In addition to leadership position in its home market, Pozitron has a strong presence in the Middle East where the company’s technologies power mobile payment systems of large financial institutions.