Mobile payments provider Spindle, has acquired MeNetwork, a location based mobile marketing solution. MeNetwork’s service, which claims to operate across 84 US and 20 European markets, will be integrated into Spindle’s (Reports StrategyEye).
The combination will allow consumers to subscribe to merchants and catagories they’re interested in through MeNetwork’s technology and purchase products through Spindle. The terms of the buyout have not been disclosed. The deal comes a month after Spindle’s merger with PayLeap to expand the two companies’ services.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more