Sybase acquires mobile payments provider Paybox

January 22, 2009 at 13:30 Leave a comment

Sybase has announced that it has acquired privately held, paybox Solutions, a developer of mobile payment solutions for an undisclosed amount. Sybase says that it will now provide its customers with a full suite of mobile payment solutions enabling their customers to undertake person-to-person remittances, make payments for goods and services, top-up mobile airtime and pay bills from a mobile device, in both developed and emerging markets.

Mobile payments are an increasingly critical part of mobile computing, a core component of our Unwired Enterprise strategy, said Marty Beard, president of Sybase 365. The sheer number of people with access to a mobile phone in both developed and emerging markets around the world, means the mobile device has the potential to become a dominant vehicle for consumers to connect and transact conveniently, anytime, anywhere, fuelling the mobile economy. This acquisition extends our offerings and capabilities to enable this mobile economy.A privately held company founded in 1999 and headquartered in Raunheim, Germany, paybox will be integrated into Sybase 365, a wholly owned subsidiary of Sybase.

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Entry filed under: Mobile, Mobile Payment, Paybox, Sybase, Telecom, Wireless. Tags: , , , , , .

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