In Other News: LINQ3 (Verifone); PERK (1Q); ORDERBIRD (funding); and MASTERCARD (Rwanda).
Linq3 says its Play at the Pump technology will be supported by Commander Site Controller from Verifone to power the sale of lottery draw games directly at the pump. With a quick swipe of a payment card at the gas pump, consumers can purchase lottery draw games in less than 20 seconds. And with lottery numbers and win notifications delivered to a player’s mobile phone.
perk.com reported first quarter • total revenue increased 194% to approximately $17.3 million and gross profit was approximately $7.7 million, or 45% of total revenue, compared to approximately $2.3 million or 38% of total revenue in the first quarter of 2015.
orderbird, an iPad point of sale (POS) solution in the German speaking markets, closed a series-C financing round totaling more than 20 million Euros. Digital+ Partners, as lead investor, and METRO GROUP have together invested 16.5 million Euros as new shareholders and strategic partners into orderbird. Concardis, a leading payment-provider in Europe who already invested in the company, takes part in this financing round via a secondary listing. orderbird’s aim is to use this money for product development and further expansion in Europe with a roll out in the French market this year.
The Government of Rwanda announced a collaboration with MasterCard to fast-track the country’s move to include 90% of its citizens in the financial mainstream, as set out in its Vision 2020 strategy. In a Memorandum of Understanding (MoU), Rwanda will promote the move to a cashless economy by collaborating on numerous initiatives.
These solutions include, the digitization of school fees and national healthcare claim payments, providing an online payment gateway for Rwanda Online, contributing to the creation of a common mobile banking platform, and contributing to the effective management of spending activities across borders.