Universe Group PLC MOBILE PAYMENT PARTNERSHIP WITH P97 NETWORKS INC
October 09 2018 - 1:00AM
RNS Non-Regulatory
TIDMUNG
Universe Group PLC
09 October 2018
9 October 2018
AIM: UNG.L
Universe Group plc
("Universe", the "Group" or the "Company")
MOBILE PAYMENT PARTNERSHIP WITH P97 NETWORKS INC
Universe Group plc (AIM: UNG.L), a leading developer and
supplier of point of sale, payment and loyalty systems, is pleased
to announce a partnership with P97 Networks Inc ("P97"), a leader
in cloud-based mobile commerce, in-vehicle payments and digital
marketing solutions. As an extension to its existing payment
product range, the Group will now also offer P97's mobile commerce
platform, helping consumers pay-at-pump on mobiles and retailers
increase basket size and purchase frequency through targeted
digital offers and secure mobile commerce.
The P97 PetroZone(R) platform is a cloud-based mobile commerce
and digital marketing solution that connects fuel, consumer
packaged goods, quick-serve restaurants, and other merchants to
their consumers by enabling payments and digital offer campaigns
from any device or connected car. With PetroZone(R), merchants
provide mobile commerce capabilities that their prime buying
demographics expect. Mobile payments also offer heightened security
for fuel transactions, protecting sensitive cardholder data and
avoiding various forms of fraud.
Jeremy Lewis, CEO of Universe Group plc, commented:
"Our goal has always been to help our retailers maximize their
returns. We do this with our own built-for-purpose technology and
by collaborating with best-of-breed partners. We were quickly
impressed with the P97 offering and shared their customer focus and
dedication. With our combined solution, retailers can embrace
mobile commerce with the surety that their payment transactions are
fast and secure."
Don Frieden, Founder and CEO of P97, said:
"Mobile commerce is the future of retail fueling. Europe is a
fast-developing market and in the next two years, companies that
embrace mobile commerce have the potential to deliver a new level
of speed and convenience for their customers, increase loyalty and
drive new value. Universe has built technology for decades that
leads the payment and loyalty industries and we are proud to
partner with them on bringing mobile commerce to the European
market."
For further information:
Universe Group plc T: +44 2380 689 510
Andrew Blazye, Non-Executive Chairman
Jeremy Lewis, Chief Executive
finnCap
T: +44 20 7220 0500
Stuart Andrews / Henrik Persson (Corporate Finance)
Richard Chambers (ECM)
IFC Advisory
T: +44 20 3934 6630
Tim Metcalfe
Heather Armstrong
About Universe Group plc
Universe provides some of the world's leading retailers with
point of sale, payment and loyalty solutions. The Group's solutions
are based on its own proprietary software and are offered out of
the cloud on a software as a service model with its data centres
processing over 6 billion transactions every year. For further
information, please see www.universe-group.co.uk
About P97 Networks Inc
P97 Networks provides secure, cloud-based mobile commerce,
in-vehicle payments, and digital marketing solutions for the
convenience retail, fuel, and vehicle manufacturing industries
under the brand name PetroZone(R). P97's mCommerce solutions
enhance the ability to attract and retain customers by securely
connecting millions of individual mobile phones and connected cars
with merchants using identity, geolocation-based software that
creates a unique mobile consumer experience. For further
information please see Twitter @p97networks or visit
www.p97.com.
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END
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