Dimoco has acquired Onebip, an Italian mobile payments firm specialising in direct carrier billing services, from former shareholder Neomobile.
The acquisition is intended to expand the German-based company’s presence across the European carrier billing market.
“The combination of Onebip’s position in the Italian market with our broader European coverage will provide our clients with access to one of Europe’s largest mobile payment markets and will make in-roads into major Latin American markets, such as Brazil and Mexico,” said Gerald Tauchner, president and CEO of Dimoco. “The acquisition is also expected to result in greater efficiencies and significantly enhanced technical abilities.”
The acquired company will be renamed to Dimoco Italy, but continue to use Onebip as a product brand. Existing customers will continue to use Onebip’s existing payment hub and engineering staff.
Meanwhile, with this sale, Neomobile is exiting the mobile payment space in order to focus on its core digital entertainment business.
This isn’t the first acquisition of this type that Dimoco has made – it last year bought mobile payments firm Mpulse in order to expand its French presence.