Jumio shows Interest in Asian Online and Mobile payment markets

Written by || July 02 2012

According to public information on the official website of Jumio, this fast-growing payment and online ID verification company based in California will be announcing additional deals with customers in Asia later this year. This is a signal for the firm’s ambition and interest in entering the Asian online payment markets, among which China is of significant importance.

Jumio has raised $ 35.4 million to date, the $ 25.5 million series-B investment led by Citi Venture in January 2012, to support its research, business development and expansion, including.

The company has been working to make remote payments easier and safer for both consumers and merchants and it launched Netswipe and Netverify solutions last year. Their solutions turn a camera into a credit card reader or ID reader and therefore have the potential to help the online and mobile banking industry overcome key challenges related to fraud and identity theft.

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