Accumulate and Potevio signs agreement for mobile payment and NFC solutions in China

Accumulate and Potevio has agreed to cooperate on bringing innovative mobile payment, including NFC, to the Chinese market. First deployment is in 2Q, 2012.

Beijing and Stockholm, Sweden – March 28, 2012. Accumulate and Potevio, a leading IT equipment manufacturer and service provider in China, has signed an agreement.  The companies will cooperate to develop and deploy secure, innovative and easy to use mobile financial and mobile authentication services on the Chinese market. Projects will include a unique NFC solution that will have its first customer deployment before summer this year. Other projects are in mobile payments and a solution for secure payment of utility bills.

“This agreement is a great milestone for Accumulate and Accumulate Asia. We are already in discussions with large players in the China financial and telecom industry. So, soon new mobile payment and mobile authentication services projects, based on this cooperation, will be started”, says Kelei Wang, Managing Director of Accumulate Asia Ltd.

Accumulates will bring its award winning mobile security platform and mobile technology know how to the project. Potevio will bring resources from its large R & D for telecom design, programming and project lead and from its manufacturing entities of electronic and communication equipment and solutions in China. Potevio also has all important and large customers in the Chinese financial market and that will be yet another key asset in the cooperation.   

“Our mobile security technology and Potevio’s great knowledge in telecom and manufacturing and their customer contacts in the Chinese financial industry, is a great combination. The innovative NFC solution that we have developed together with Potevio will open up for new and interesting mobile services and projects in China and elsewhere”, says Stefan Hultberg, CEO of Accumulate.

Services developed and deployed under this cooperation will support all major mobile platforms including; Android, Blackberry, iPhone, Java and Windows.

More information

Kelei Wang, +86 139 102 988 76, kelei.wang@accumulate.asia

Stefan Hultberg, +46 70 350 5704, stefan.hultberg@accumulate.se

About Potevio

Potevio was born out of China Posts and Telecommunications Industry Corporation, which has the longest history in China’s telecommunication industry. As a key state-owned enterprise under direct leadership of state-owned Assets Supervision and Administration Commission of the State Council (SASAC), China Potevio’s main business covers manufacture and trade business of telecom products, relevant technical research and services. Its industrial scale and strength plays a leading role in many industrial fields, such as communication system, terminal, auxiliary equipment, industrial application and value-added service.