Belgacom Takes 40% in Mobile Payments Vendor, Tunz

Belgacom has announced that it is buying a stake of 40% in Tunz, a specialist in mobile payments, which also holds a European e-money license. Tunz was set up in January 2007 by Grégoire de Streel & Jean Zurstrassen, co-founders of Skynet & Keytrade Bank.

Stijn Vander Plaetse, VP Innovation at Belgacom: "The Belgacom Group considers mobile payments as a key domain in its development of innovative services. Based on our recent evolution in mobile parking services, we are convinced that together with Tunz we will realize a quick uptake of mobile micro-payments in other domains."

Both parties also signed a partnership for the joint development of new innovative mobile micro-payments services. There will be no impact on Belgacom's relationship with its existing customers and partners.

No financial details were disclosed.

On the web: Tunz

Posted to the site on 17th March 2009