Belgacom takes 40% stake in Tunz

Belgacom is taking a stake of 40% in Tunz, a Belgian company specialising in mobile payments, which holds a European e-money licence. Belgacom says that this "participation" in Tunz fits in with its innovation strategy to invest more in the mobile micro-payments market and expand its offer.

Tunz was set up in January 2007 by Grégoire de Streel & Jean Zurstrassen, co-founders of  Skynet & Keytrade Bank. Tunz offers a range of mobile payment solutions and applications including contactless (NFC) payments, national and international person-to-person money transfer, web-payments, loyalty, couponing and mobile ticketing.
Stijn Vander Plaetse, VP Innovation at Belgacom: "The Belgacom Group considers mobile payments as a key domain in its development of innovative services. Based on our recent evolution in mobile parking services, we are convinced that together with Tunz we will realize a quick uptake of mobile micro-payments in other domains."