My Mobile Payments Funds JV To Boost Mobile Wallet Services

By  |  August 17, 2012
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My Mobile Payments Ltd (MMPL), an Indian-based mobile wallet service provider, will contribute its mobile payment technology and ‘Money-On-Mobile’ brand name for a 50 percent stake in an offshore joint venture. According to the Economic Times, the JV aims to create pacts with global carriers in the UK like Vodafone, Orange, 3 and GT Mobile for its m-wallet services. Manoj Karkhanis, a British entrepreneur of Indian origin, will hold the reaming shares in the JV and will oversee other related investments in the business.

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