ASX ANNOUNCEMENT
13 October 2016
DigitalX Secures Partnership with AT&T Mexico HighlightsAgreement signed with AT&T Mexico to use DigitalX's AirPocket App
US consumers will be able to use AirPocket to transfer mobile top-ups directly into mobile phone accounts on AT&T's Mexican network
AT&T has approximately 15% of the Mexican mobile market, or approximately 12.4 million users
This agreement marks DigitalX's second top tier telco partnership
The agreement will allow consumers in the United States to use DigitalX's mobile bill pay and remittance product, AirPocket, to transfer funds directly into mobile phone accounts of users on the AT&T Mexican network. DigitalX will earn commission on the value of the mobile topup, with the mobile topup ranging between ~US$0.50 and ~US$50 per transaction. The integration of the AirPocket App into AT&T's network is expected to be completed by the end of October 2016.
DigitalX's Chief Executive Officer, Alex Karis, commented, "AirPocket is quickly being recognised as the most secure and effective funds and value transfer solution in the global marketplace. Partnering with global heavyweights like AT&T and Telefonica further validates AirPocket as a best of breed solution in this space and offers a unique opportunity to drive customer acquisition at negligible cost as commercialisation ramps up."
DigitalX Limited Alex Karis Chief Executive Officer T: +1 (617) 544 3150 x 1001 | Media Enquires: Melissa Mack E: melissa.mack@mcpartners.com.au T: +61 430 119 951 |
DigitalX is a Blockchain-based software solutions group disrupting the payments industry. Its products allow consumers to make secure and cost-effective money transfers worldwide. Partners can use DigitalX's technology to offer new financial products. DigitalX is based in Boston and has offices in New Jersey and Australia.
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DigitalX Limited published this content on 13 October 2016 and is solely responsible for the information contained herein.
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