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Sybase Acquires Mobile Payment Solutions Provider paybox

Posted on January 22nd, by Kim Poh Liaw in archive. No Comments

Sybase today announced that it has acquired paybox Solutions AG, a company provides mobile payment solutions. Sybase will now provide mobile operators, financial institutions and merchants 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, fueling 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, Inc.