Irish firm 3V in deal with Orange
Published 19/02/2014 | 02:30
An Irish mobile payments company is set to announce a new deal with one of Europe's largest operators ahead of the world's biggest telecoms trade show next week. 3V, which supplies online mobile payments technology to retailers and telecoms firms, has agreed a deal with Orange in Spain which will allow the operator to provide a digital wallet to its 12 million subscribers.
The deal adds to contracts 3V has in place with other mobile operators, including O2 Ireland. The deal, for an undisclosed sum, will see 3V cement its position as one of Europe's most prominent white label mobile payment firms.
The service, which works as a prepaid visa card, allows mobile phone owners to use phone credit for purchasing online goods that normally require a credit card.