Refrigerators, cars, watches, rings – what do all of these items have in common? They are all products that are capable of connecting to the internet and completing transactions or interacting with users via mobile interface. The number of internet-enabled items is increasing at a rapid pace.
According to Gartner, there will be more than 20 billion devices connected to the web by 2020. Many of these Internet of Things devices also are opening the door for mobile transactions through non-traditional channels, such as ordering food through the refrigerator or using a smartwatch to pay for lunch.
Mi-Pay (LON:MPAY) provides topup, transfer, and banking mobile money solutions and services. The Company offers products that allows customers from one country to buy airtime topups for friends and relatives overseas in various countries. Mi-Pay serves mobile operators, financial services providers, utility companies, and media owners worldwide.