Telpac Industries acquires NetMind’s micro payment mobile platform

Entering the global mobility market

Telpac will use the newly acquired platform to enter the social media, massively multiplayer online game (MMOG), mobility and e-commerce industries (view press release). The deal will, according to Telpac CEO David Teuma, allow the company “to quickly enter the global mobility market which is estimated to reach 1 trillion worldwide by 2015.”

We are positioning ourselves to accommodate the growth in the mobile payments marketplace and are aware this space is driven by consumer adoption through the delivery of convenience, reliability and new applications enabling commerce in the palm of our hands,” says Teuma.

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