
Rocket Internet, PLDT set up online payments platform
Rocket Internet and Philippine Long Distance Telephone (PLDT) have agreed to form a joint venture mobile payments platform with a focus on emerging markets.
This was part of the arrangement that saw PLDT buy a 10% stake in the German e-commerce incubator for EUR333 million ($444 million) last August. Each group holds a 50% interest in the new joint venture....
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