Monitise acquires Turkey’s mobile money innovator Pozitron

Monitise

Acquires Pozitron.

Monitise plc, has announced the acquisition of Pozitron Yazilim A.S., a privately-owned mobile technology company based in Turkey, delivering mobile banking, payments and commerce solutions to businesses in its home market, the Middle East and internationally.

The acquisition will accelerates Monitise’s mobile money capabilities in Europe and the Middle East.

“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 Chief Executive Alastair Lukies. “It comes at a time when we are seeing increasing demand for interoperable Mobile Money services as payments become more digital by the day, not only in Turkey, Europe and the Middle East but also around the world.”

“When we began putting mobile at the heart of our commercial focus nine years ago, we had a vision for how innovative design and ease-of-use could change how people manage their money on the move,” said Chief Executive and Turkish entrepreneur Fatih İşbecer. “Joining Monitise accelerates that vision and gives us access to the Group’s unrivalled technologies and expertise. We look forward to being part of the Monitise team as demand grows for Mobile Money solutions.”

Monitise’s Peter Radcliffe said: “Fatih and his team has positioned Pozitron as a leader in its field, delivering best-in-class, easy-to-use mobile engineering and user experience and design capabilities for clients in Turkey, the Middle East and beyond. Monitise and Pozitron have a common vision: to help these businesses navigate their way through the Mobile Money landscape. This deal is an important step in that journey.”

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