Tag: sk c&c

Mozido acquires major stake in promising mobile commerce firm

Mozido now holds majority stake in CorFire

Mozido, a mobile commerce firm that has been gaining more fame in recent months, has taken up a significant stake in CorFire, another mobile commerce firm that specializes in point-of-sale systems. The agreement between the two companies will change Mozido’s name to Mozido CorFire Inc. Financial details of the deal have not yet been released to the public, but some speculation suggests that Mozido has invested hundreds of millions of dollars into CorFire.

CorFire had been owned by SK C&C, which now has a minority stake in the mobile payments firm

CorFire had originally been wholly owned by SK C&C, the IT service division of SK Group. The company had existed as one of South Korea’s major investments in to the mobile technology space of the United States. SK C&C will continue to hold a minority stake in CorFire, though Mozido will hold a greater sway over the company’s operations and its potential future.

Mobile commerce continues to flourish in many prominent markets throughout the world

Mobile Commere - AcquisitionMobile commerce has become quite popular throughout the world. Many consumers are using their smartphones and tablets to purchase products online, but there is still relatively little support for in-store mobile payments. As consumers become more mobile-centric, the demand for in-store payment systems that accept mobile transactions is growing rapidly. Companies like CorFire aim to accommodate this demand by providing retailers with the technology they need to engage mobile consumers. Mozido is well situated to assist in this endeavor.

Mozido helps retailers embrace the mobile space with its agnostic technology and services

One of Mozido’s major victories in the past is convincing traditional retailers to begin implementing mobile commerce services. The company has helped the retail industry become more mobile friendly, and it has managed to avoid some of the challenges associated with competition by being agnostic regarding payment platforms. Mozido supports mobile payments made from any platform, allowing its clients to embrace their favored payment method without having to worry about whether or not it is supported by the company’s technology.

CorFire seeks to establish foothold in European market


CorFire to open new office in London

CorFire, the U.S.-based mCorFire Mobile Commerceobile commerce arm of SK C&C USA, has opened a new office in London, England, this week. The moves comes as the company looks to secure a stronger foothold in the European mobile commerce sector. More European countries are showing high levels of interest in mobile commerce and CorFire is eager to take advantage of that by showing a strong presence in the market. CorFire is backed by its parent company’s extensive experience in equipping merchants and consumers with mobile transaction capabilities and is expected to establish a powerful presence in the market with relative ease.

Mobile commerce gains momentum on heels of Thanksgiving weekend

Mobile commerce has received a swell of momentum on the heels of the Thanksgiving holiday shopping weekend in the U.S. Over the Thanksgiving weekend, consumers throughout the country made purchase using their mobile device, providing that mobile commerce was more than just a simple fad. Indeed, mobile commerce helped influence billions of dollars worth of sales during the Thanksgiving weekend, a fact that the retail industry has taken intense interest in. With mobile commerce beginning to receive much more support, the time may be right for companies like CorFire to begin expanding.

CorFire offers services to wide range of consumers

CorFire offers mobile commerce services to consumers on both iOS and Android platforms. Consumers can use the platform to make purchases for products they find online or in physical stores. CorFire can also be used to make payments for basic services, such as public transportation, which is a popular use of mobile commerce platforms in South Korea. CorFire predicts that mobile commerce is poised for major growth in the European market and is working to position itself to take advantage of that growth.

CorFire may compete with Google and other large players

As more European consumers get their hands on smart phones and tablets, the demand for mobile commerce services is rising. Companies like CorFire are eager to meet this demand, but will have to compete with giants like Google who have invested heavily in the mobile commerce space. CorFire has shown that it can provide consumers with convenient services, but only time will tell if it will succeed in establishing a strong foothold in the European market.