PEACHES AG
PEACHES AG: PEACHES AG founds PEACHES Mobile Ltd
PEACHES AG / Key word(s): Acquisition/Strategic Company Decision
PEACHES AG’s UK subsidiary to expand group’s activities
Continuing with its expansion strategy, PEACHES AG has founded wholly-owned subsidiary PEACHES Mobile Ltd, based in London. This move will see the company expand its operations in the UK. ‘Creating our new company, PEACHES Mobile Ltd, represents an important step towards successfully breaking into the UK market and yet another stage in our ongoing internationalisation process. We are now in a position to market our B2B solutions, which have been a huge success in Germany, faster and better in the UK,’ says Reinhold M. Sigler, Member of the Management Board at PEACHES AG. Following a far-reaching restructuring process, PEACHES AG’s subsidiaries (PEACHES Mobile GmbH, PEACHES Systems GmbH, REA Mobile GmbH and PEACHES Mobile Ltd) are responsible for marketing the group’s new offering of prepaid services via app, mobile web and internet in addition to its well-established mobile payments service. Companies around the world can avail themselves of the prepaid airtime service platform as a white label co-branded solution. The prelado consumer brand serves as a showcase for the platform’s multifunctionality, and prelado uses Isoptera, the core technology developed in-house, to enable users to check their prepaid mobile phone credit for free and for real-time top-ups via app, mobile web and internet. Following the founding of PEACHES Mobile Ltd, prelado will shortly be available in England, Wales and Scotland. About the PEACHES GROUP: The group has real-world experience in the field of mobile payments and positions itself as a mobile payment acquirer featuring an in-house mobile payment platform. Peaches also acts as a reseller (PSP, payment service provider) for the mpass mobile payment service of Telekom, Vodafone and O2. The Peaches Group also provides prepaid top-up services. The Wiesbaden-based group of companies also runs an in-house prepaid service platform under the prelado prepaid anytime & anywhere brand, which offers users a real-time mobile telephone top-up service that can be accessed via app, the mobile web, and the internet. A free, provider-neutral prepaid current balance display is also available via an app (Android & iOS). This prepaid service is available from PEACHES Mobile GmbH as a white label solution for interested partners. The full-service offering, including airtime, payment processing, and a payment guarantee, is run wholly in the partner’s CI/CD. The Peaches Group includes PEACHES Systems GmbH, PEACHES Mobile GmbH, REA MOBILE GmbH and PEACHES Mobile Ltd, which are subsidiaries of PEACHES AG. End of Corporate News 05.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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