Crunchfish signs AR-based mobile payment agreement

abubblCrunchfish has signed their first commercial agreement for mobile software component aBubbl® that activates Augmented Reality (AR) in third-party applications. The agreement is a two-year contract, renewed one year at a time. The business model is transactional based and future income is part of the invoiced amount per transaction. At present time the revenue value cannot be estimated.

aBubbl® augments reality for Pej users by letting them discover local merchants in their vicinity, see their offers, place an order and skip the line at the cashier since the order can be paid, prepared and picked up must faster. In addition, the aBubbl® technology gives merchants the opportunity to discover and communicate with potential customers close to their stores.

“Pej is important to Crunchfish for many reasons. It is the first commercial application where Crunchfish activates AR in a third-party application. Furthermore, it is for mobile payment with a transactional business model based on invoiced amount rather than license or royalty fees. We will charge the same way credit card companies charge merchants for using their service.” says Joakim Nydemark, CEO of Crunchfish.

“By using aBubbl® with our own order and payment platform we have created a groundbreaking application that combines augmented reality with mobile payment. We think cafés and restaurants, as well as our merchants in locals.se, will be quick to embrace this opportunity.” says Victor Sandberg, founder and CEO of Luckan.

Luckan expects to have the first commercial installation in place in the beginning of next year.

Tags: , , , , ,

Categories: Mobile Payments

CONNECT with Contactless Intelligence

Connect with us here

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: