Sybase Acquires Paybox, a Mobile Payment Processor

Posted on by Chief Marketer Staff

Sybase Inc. has acquired Paybox solutions AG, mobile payment systems provider.

Terms were not disclosed.

A privately held company headquartered in Raunheim, Germany, Paybox will be integrated into Sybase 365, a wholly-owned subsidiary of Sybase Inc.

With this acquisition, Sybase expects to provide mobile operators, financial institutions and merchants with a full suite of mobile payment solutions enabling their customers to undertake person-to-person remittances, make payments for goods and services, top-up mobile airtime and pay bills from a mobile device, in both developed and emerging markets.

“Mobile payments are an increasingly critical part of mobile computing, a core component of our Unwired Enterprise strategy,

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