Mobile Devices
US mobile payment firm LoopPay wins Visa funding
Mobile DevicesUS mobile payment firm LoopPay wins Visa fundingUS mobile payment firm LoopPay wins Visa funding
Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.
Subscribe and receive the latest news from the industry.
Join 56,000+ members. Yes it's completely free.