MIG acquires Zaypay
The purchase is a bid to capitalise on the growing m-commerce sector, by improving MIG's ability to provide in-app payment functions to retailers.
According to Bank System & Technology, MIG's vision for Zaypay is to build a one-stop shop for online and mobile monetisation solutions to merchants, online billing providers and developers, globally.
"We understand that developers are driving our industry now, and Zaypay is a platform that has been built by developers, for developers,” says Barry Houlihan, CEO and founder of MIG.
The firm, which will continue to operate as a standalone business, has signed several hundred firms in 44 countries to its platform, helping them to accept micro payments via mobile phones, says Fin Extra.
Zaypay enables third-party developers to process international micro payments through SMS, phone calls, in-app and other alternative payment methods.
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