NEW YORK, April 13, 2011 /PRNewswire/ — Payfone (www.payfone.com), a leading provider of mobile payments, today announced the closing of its $19 million strategic funding round, making it one of the largest mobile payments funding rounds to date. American Express is the largest strategic investor in this round of funding, with additional investment from Verizon Investments Inc. (assisted by Verizon Ventures), Rogers Ventures and from existing investors Opus Capital, BlackBerry Partners Fund and RRE Ventures. Payfone’s new funds will be used to continue innovations in its market approach and to support its global expansion across North America, EMEA, Latin America and Asia.
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Tags: American Express,Payfone,Verizon
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