Mozido the cloud-based integrated platform of mobile payments, commerce and marketing announced its acquisition of PagoVision, a US-based leading merchant network providing check cashing and payment services for the unbanked and underbanked.
With the acquisition, Mozido will gain access to PagoVisions merchant network more than 1,500 independent retailers dedicated to serving the under banked and unbanked consumers and the immigrant population in the US.
PagoVision merchants can generate incremental revenue by expanding their product offerings to include Mozidos full assortment of value-priced financial solutions, including international and domestic remittances, international and domestic mobile minutes top-up, bill pay, stored value card and remote deposit capture.
In addition, the Mozido mobile targeted marketing platform will enable PagoVision merchants to increase traffic to their stores and deepen customer relationships by delivering mobile promotions, coupons and loyalty rewards directly to the consumers mobile phones.
The strategic acquisition of PagoVision marks the beginning of Mozidos deployment of its mobile financial services, commerce and targeted marketing platform in the US, said Greg Corona, CEO, Mozido.
