Monday, April 15, 2024

    Swiss consumers set to buy from vending machines using carrier billing as DIMOCO buys Smarcom

    Carrier billing company DIMOCO is poised to buy a 75% stake in Swiss vending machine specialist Smarcom AG. The move would make it possible for Swiss consumers to buy from vending machines using their handset – and charging it to their mobile phone bill.

    The Swiss vending machine market leader already enabling Swiss consumers to purchase vending machine goods, such as snacks and soft drinks, with their mobile devices, will be renamed in DIMOCO Vending AG.

    Andre Cuttat remains head of the management board and holds 25 percent of the equity stake of the company. The agreement shall be effective retroactively as of 1 January 2018.

    DIMOCO is a European-wide regulated payment institute for Direct Carrier Billing and holds a payment service license from the Austrian Financial Market Authority (FMA), passported to all 28 EU member states. As a trusted partner of mobile network operators, it enables over one billion subscribers to purchase goods and services from merchants and aggregators with their mobile devices, charged via the operators’ billing system.

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