Millicom International Cellular: Millicom and Kalixa create online payments processing partnership for Africa and Latin America
September 11 2014 - 2:20AM
Business Wire
Millicom (NASDAQ:MICC)(STO:MIC), the international
telecommunications and media company, and Kalixa announced today
the establishment of a joint venture to develop a payments service
provider to operate in Africa and Latin America, initially
commencing in Colombia and Brazil later this year.
The joint venture will offer payment acceptance services for
both businesses and consumers, including payment gateway and point
of sale solutions for merchants as well as 1-click payment and
eWallet provision for online customers. The partnership will cover
the end-to-end payment ecosystem and will offer multi-device and
cross-platform services.
The joint venture will benefit from Millicom’s existing reach
across Africa and Latin America through its high-profile “Tigo”
infrastructures in fourteen countries and its online partnerships
in 31 countries. It will also draw on Kalixa’s experience of
providing a full range of payment services, including issuing,
acquiring and acceptance solutions to over 8,000 merchants across
100 markets.
The initial phase of the joint venture will begin in H2 2014 and
will provide an end-to-end service for ecommerce providers. Brazil
is the largest market in Latin America with around 60% of its
ecommerce by volume and 80% of the continent’s top 500 e-merchants
present there. In Colombia, Millicom’s largest market in Latin
America, ecommerce is growing significantly at over 60% annually
with 50% of internet users enjoying online shopping.
Millicom’s CEO and President, Hans-Holger Albrecht said “Working
with Kalixa will enable us to offer a complete digital payments
service in markets where ecommerce is growing rapidly and where we
already have a strong presence. It is a great combination of our
respective expertise.”
Ed Chandler, CEO of Kalixa, commented “As developing markets,
Latin America & Africa represent a combined $1.78
[1] trillion opportunity for the payments industry. Our
partnership with Millicom is the first step in making payments
easier for merchants and consumers in these regions by offering a
connected service with the full spectrum of payment services being
offered under one roof. As we have already seen in Europe, by
removing unnecessary links in the chain we can service customers
more efficiently. This allows us to pass the value back to help
merchants capitalise on the digital explosion happening in this
region”
[1] Sources: Euromonitor - Assessing the payment landscape in
Latin America. CapGemini - 8th Annual World Payments Report
2012
About Millicom
Millicom is a leading international telecommunications and media
company dedicated to emerging markets in Latin America and Africa.
Millicom sets the pace when it comes to providing digital lifestyle
services to the world’s emerging markets, giving access to the
world, primarily through mobile devices. Operating in fourteen
countries, primarily using the Tigo brand, Millicom offers
innovative and customer-centric products. Millicom employs more
than 10,000 people and provides mobile, cable, broadband, TV
content, online and financial services to over 50 million
customers. Founded in 1990, Millicom is headquartered in Luxembourg
and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2013
Millicom generated revenue of $5.16 billion and EBITDA of $1.9
billion.
About Kalixa
With its single payments platform, the Kalixa payments group
provides merchants of all sizes with omni-channel payments from one
supplier. It delivers value to customers by reducing costs,
eliminating complexity, boosting operational efficiencies, creating
new revenue streams and delivering a seamless, intelligent and
frictionless payments experience across multiple channels.
Kalixa’s four core products are Kalixa Pay, a prepaid e-wallet
with 200,000 users across Europe, Kalixa Pro, an mPOS for small
businesses and sole traders, Kalixa Accept, which allows merchants
to accept more than 200 payment methods and the PXP Payment Gateway
with customers including Urban Outfitters, Intercontinental Hotel
Group, bwin.party and MasterCard.
Kalixa payments group has an addressable market of more than 100
countries worldwide. It has over 200 employees internationally and
offices in London, Gibraltar, Cologne, Vienna and New York.
For more information visit: www.kalixa.com
This information was brought to you by Cision
http://news.cision.com
For more please visit: www.millicom.com or contact:At
Millicom:Press Enquiries:Julian Eccles, VP, Corporate
Communications+44 7720 409374press@millicom.comorInvestor
Enquiries:Nicolas Didio, Director of Investor Relations+44 203 249
2220investors@millicom.comorOn behalf of Kalixa:Daniel LowtherCC
Group on 0207 535 7226or daniel.lowther@ccgrouppr.com
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