Contactless Smart Cards, RFID, Payment, Transit and Security

Belgacom takes stake in mobile payments provider

Thursday, March 19, 2009

Belguim telecom provider Belgacom is taking a stake of 40% in Tunz, a mobile payments specialist.

Tunz was set up in January 2007 by Grégoire de Streel & Jean Zurstrassen, co-founders of Skynet & Keytrade Bank. Tunz is an open payment platform offering a range of mobile payment solutions and applications such as NFC payments, national and international person-to-person payments, Web-payments, loyalty, couponing, mobile ticketing and others.

Tunz is a Belgian company holding a European e-money license. Belgacom’s participation in Tunz fits in with its strategy to invest in the growing mobile micro-payments market. [end] 

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