United States-based mobile banking and payment solutions provider, Clairmail announced this morning that it will be acquired by Monitise, its European-based competitor.
Monitise will acquire Clairmail for $173 million to expand its international presence by leveraging Clairmail’s grasp on the North American market.
Together, Monitise and Clairmail will:
- Have 13 million registered consumers
- Operate across four continents
- Process billions of transactions per year
- Have 600 employees
- Process $10 billion in payments and transfers per year
With the rise in smartphone usage, financial institutions are increasingly aware of their need for a mobile payments solution. Mobile solutions company, Clairmail, announced a partnership with VocaLink that will help clients fulfill this need.
“The partnership will enable banks to use Clairmail’s Smart Client technology to deliver new services to their customers, such as Person-to-Person Mobile Payments, enabled by VocaLink’s real-time capabilities, such as Faster and Immediate Payments and multi-channel service options.”
VocaLink’s Immediate Payments solution and Multi-Channel Gateway product, married with Clairmail’s mobile solutions will enable financial institutions to take advantage of the mobile channel.
To learn more about Clairmail, watch its FinovateFall 2010 demo.