DIMOCO, a leading payment firm for carrier billing services, Tuesday announced the acquisition of the premium SMS (PSMS) business of Telekom New Media, a subsidiary of Magyar Telekom, the leading Hungarian telecommunications service provider. The Vienna, Austria-headquared firm had already taken over the PSMS (premium SMS) aggregation business of Telekom New Media in December 2015.
The fourth acquisition for the company in less than two years is expected to solidify DIMOCO's position as the leading carrier billing provider in Europe and also in the Hungarian market. The Hungarian market boasts a 109.3 percent handset penetration rate, as opposed to its 11.8 percent credit card acquisition rate. With nearly 11 million handsets in circulation, this market is primed for the current and future opportunities made possible with DIMOCO carrier billing services.
May this year, DIMOCO acquired Onebip, a mobile payment company specializing in direct carrier billing services, to enhance its services and European market position.
Gerald Tauchner, DIMOCO president and CEO
From the very beginning, the Hungarian market has been one of the most strategic and relevant for DIMOCO's expansion strategy. With strong traction in other countries and across the EU, we are now the market leader for billing digital content via the mobile phone in the country.
