Tag: financial news mobile commerce

PortfoLion to buy into Cellum: the Central Europe region’s largest venture investment in mobile payment sector

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**Budapest, September 9, 2011 – PortfoLion Venture Capital Fund Management Ltd is to invest HUF 400 million (EUR 1,5 million) in Cellum Global Zrt, member of the Cellum Group, the hungarian market leader in mobile payment solutions. Financial resources required for the transaction are provided by the European Union JEREMIE venture capital fund (Joint European Resources for Micro to Medium Enterprises Initiative). The agreement on the largest venture investment so far in the region’s mobile payment sector was signed on 1st September 2011. The technology developed by Cellum is marketable…

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Sony Ericsson joins troupe of tech giants in adopting NFC technology

Sam Lambert
Contacless Payments

The field of NFC is becoming more crowded as Sony Ericsson announces that it will be taking up the cause of near field communications. The tech behemoth will be joining Google, AT&T and Nokia in developing NFC-enabled smart phones that will be released later in the year. The NFC industry is still quite young, but these companies have been laboring to promote the technology they are sure will be the next big thing. Sony Ericsson’s plans were unveiled via the Times of India publication, in which Steve Walker, global head…

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