By and  on June 11, 2014

British e-commerce and payment technology company Powa Technologies Group said Thursday it has bought Hong Kong-based mobile payment firm MPayMe for $75 million to broaden its global reach.

Powa said the two privately-held companies will merge and operate as a single global entity and provide a  "new class of universal mobile payment that will reach millions of customers and merchants across Europe, Asia and the US."

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