British Powa Inks Bank Deal On Mobile Payment

The British rival to Square, a start-up backed Twitter co-founder Jack Dorsey which allows smartphone owners to take credit card payments, has announced a multimillion-pound deal to provide its technology via a bank. London-based Powa, which makes a smartphone app and small Chip and PIN reader that connects to the handset via Bluetooth, said its "white label" deal with South Africa’s First National Bank, was its first and heralded rapid expansion into global markets.

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