October 5, 2016 / 10:11 AM / a year ago

BRIEF-Mobimedia Solution signs LoI with P2P Cash Technology for cooperation

Oct 5 (Reuters) - Mobimedia Solution SA :

* Signs letter of intent (LoI) with P2P Cash Technology Inc (P2P) for cooperation in integration of platform “Terminal Connected Platform” operated by the company and P2P’s “Smart Token Platform” solution

* Co and P2P plan to create common solution comprising point-of-sale (POS) and allowing mobile payments and cash transfer

* Says the method of allocation of revenue from the cooperation between the company and P2P will be established in final agreement

* Says LoI does not have a binding character Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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