Having recently launched its service in Vietnam, US-based digital money transfer provider Xoom has acquired BlueKite for USD15m in cash and equity. Guatemala City-based BlueKite has built a technology platform for cross-border bill payments and mobile phone top-ups.
Xoom provides digital money transfer from mobile phones, tablets and PCs in 31 countries. The acquisition of BlueKite will allow Xoom to add mobile phone top-up and cross-border bill payments to its money transfer service.
“BlueKite’s technology will enable customers to pay bills and “top up” mobile phones for their family members and others back in home countries”, said John Kunze, president and CEO of San Francisco-based Xoom.
There’s more signs of consolidation in the crowded European payments space with news that Stockholm-based iZettle is buying a company called intelligentpos.
MasterCard has bought Vocalink for £700m ($920m) in a deal that has been rumoured for months.
Oh, what we wouldn't do to know the future! Like Biff and the Almanac in Back to the Future, all we need is a guide. Luckily the team over at Pivotl is on hand to give us one for the future of fintech.
In a sign of the increasing importance of optimising the value of online and offline customer interactions and understanding multichannel customer analytics, UK venture builder Blenheim Chalcot is snapping up customer journey analytics firm iJento.