DIMOCO trend update: FINTECH: The Evolution

Fintech: The Evolution

Barter trade, commodity or weight money… it was a long evolution and a big revolution to the introduction of currency as we know it today. With the digital age and the introduction of various screens, the entire payment industry was transformed once again. The digital landscape changed and so did the opportunities to purchase goods and services.

 

Digitalization led to the second revolution in the financial industry. The “over-all-screens” trend didn’t stop in front of the financial industry’s door. It was just overflowed by new payment possibilities.

 

And here we are: While digital payments like carrier billing available as a way of paying for goods and services online, banking institutions are now challenged to keep up with the influences of the new digital world.

 

Welcome to the FinTech era. Another star on the payments sky, the third revolution lets companies engage technology to optimize financial services. This is not new for carrier billing companies, like DIMOCO, it is just the fact that we now found our place within a broader landscape. Hello to all other FinTech companies out there, welcome to our world. We are leading the charge to finnovate the financial technology sector.  Are you ready for the fourth revolution? ;-)

 

DIMOCO trend update: 99% of text messages are opened within 3 min

160517 Trend Update_99 of SMS are opened

Did you know that 22% of emails are opened within days, but 99% of text messages are opened within 3 minutes? 6.1 billion people use SMS frequently every month. Consumers love SMS and we love A2P messaging. Download DIMOCOs’ trend overview to know more about the A2P messaging market and contact us to know more about your A2P messaging opportunities.

DIMOCO Announces Acquisition of Onebip

DIMOCO today announced that it is acquiring Onebip SpA, a mobile payment company specialized in direct carrier billing services, to enhance its services and European market position. The purchase of Onebip SpA from its former shareholder Neomobile SpA, further increases DIMOCO’s market share in the European carrier billing market.

DIMOCO company acquisition onebip

From left to right: Claudio Rossi / Neomobile CEO; Gianluca D’Agostino / exiting CEO of Onebip; Heinz Brasic, DIMOCO Europe President & COO

 

“The combination of Onebip’s position in the Italian market with our broader European coverage will provide our clients with access to one of Europe’s largest mobile payment markets and will make inroads into major Latin American markets, such as Brazil and Mexico,” said Gerald Tauchner, president and CEO of DIMOCO. “The acquisition is also expected to result in greater efficiencies and significantly enhanced technical abilities.”

“I strongly believe that Onebip technology and its solution suite will have a significant impact on the DIMOCO brand,” said Gianluca D’Agostino, exiting CEO of Onebip SpA. “I see material synergies in this deal and the outcome will prove to be valuable for both merchants and mobile network operators.”

The acquisition of Onebip was accomplished through the close liaison between Neomobile and DIMOCO. The two companies will continue their partnership to strengthen their position both in Europe and Latin America. Neomobile, the leading mobile commerce company and former shareholder of Onebip SPA, will focus more on digital entertainment, its main business, and leaving behind the mobile payment segment.

“This deal strengthens our partnership with DIMOCO and provides us the opportunity to focus more on our path of innovation, increasing our investments in new products in mobile entertainment and programmatic advertising, while speeding up our entry into new markets in Middle East and Asia.” said Claudio Rossi, CEO of Neomobile.

Under the terms of the acquisition agreement, DIMOCO has agreed to use Onebip’s existing payment hub and engineering staff to provide high-quality services to international merchants. Onebip’s clients will continue to receive the same quality of service they have come to expect. Onebip is now a wholly owned subsidiary of DIMOCO Europe and employs 15 people in the city of Milan. It will be renamed to DIMOCO Italy SpA, which will continue to use Onebip as a product brand. The post-merger integration is in process and will take place over the next few weeks.

 

DIMOCO’s Payment Service Act License Passported to the EU

DIMOCO payment license Europe

DIMOCO today announces that its established payment institute, that holds a payment service act license from the Austrian Financial Market Authority (FMA), had its license passported to all 28 EU member states during February 2016. With this expansion of its license, the Fintech company is now a European-wide regulated payment institute with its payment service act license notified at the central banks across the EU.

“We are now in a solid position to support our telecom carriers and merchants in their EU-wide business efforts as the number one payment institute for carrier billing in Europe,” said Gerald Tauchner, DIMOCO president & CEO.