Mozido expands into Taiwan, South Korea, Russia

Mozido has expanded its tokenization implementation into banks in Taiwan and its PayEase Payment Gateway into South Korea and Russia, the company said.

The company growth occurred in 2016 and includes user growth of mobile retail solutions in Europe and international remittance service in Sri Lanka.

Mozido previously announced that 14 banks within the Taiwan Mobile Payment Co (TWMP) consortium adopted its pioneering HCE tokenization technology with the remaining 12 banks launching later this year. Mozido´s tokenization solution provides mobile wallet capability for TWMP that supports consumers with either HCE cloud-based or NFC SE based options.

PayEase, Mozido´s Chinese payment gateway, has finalized a partnership with KG Inicis, a South Korean payment provider, to provide electronic payment services for businesses and consumers within China and South Korea. This partnership adds to the existing PayEase Payment Gateway business that currently serves customers including governments, banks, universities and Fortune 500 corporations and businesses within Russia, Japan and the US.

Earlier in 2016, Mozido launched its international remittance solution linking the US to Sri Lanka. Mobile customers of Dialog, Etisalat and Hutch within Sri Lanka registered with eZ Cash, an inter-operable mobile money service, are now enabled to receive international remittances through their eZ Cash mobile wallet.

Mozido is a global provider of trusted digital commerce and payment solutions. The company provides services in tokenization, remittance, PayEase payment gateway, MNO, retail and bank mobile SaaS solutions.