On Tuesday, AppTech Corp. announced it has signed a definitive agreement to acquire FlowPay, a cloud-based mobile payment platform designed specifically for the tax exempt non-profit market.
The terms of the agreement were not disclosed (but they will be in the company’s next quarterly filing and registration statement).
FlowPay has built a real-time mobile gifting service, with the next generation of text-messaging software integrating web embedded content, digital media, and secured text-messaging. The system provides real-time data analytics along with a suite of business applications including mobile payment.
“We are very excited at FlowPay as AppTech shares the same vision towards the mobile payment market and future of social payment,” says Wayne Steiger, FlowPay’s CEO. “We are seeing rapid growth in mobile payments and AppTech will bring simple and powerful messaging payment capabilities to new markets.”