SALT gets USD2m for mobile payment solutions

Expanding mobile payment solutions

Mobile payment solutions firm SALT Technology, has secured funding of USD2m from private investors with networks across the mobile, financial and payments technology sectors (Reports StrategyEye). The investment will be used to develop the company’s products. The capital will also be used to drive a sales and marketing push aimed chiefly at North America and European markets.

SALT CEO and president, Brian Bogosian, says the technology will support NFC, barcodes, cloud-based payments, online purchases as well as peer-to-peer payments and has already attracted the interest of at least one large mobile operator. With 36% of consumers now favouring mobile payment methods the market is predicted to continue its expansion reaching USD90bn by 2017 in the US alone.

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