According to Row, sales were strong across each of GFG’s three main product lines - Cadencie (card payments), Simfonie (mobile payments) and its FINsim testing tool - with new FINsim customers including a “highly strategic sale to Indonesia’s market leading and largest electronic payment services network, Artajasa.”
Row said growth was forecast to continue through the 2013 financial year, with market demand for convergent card and mobile payment solutions strong and intensifying. “This demand, along with the rapid uptake of mobile payments and mobile banking, is driving GFG Group’s card and mobile convergence strategy.”
“Demand for complete, integrated card and mobile payments solutions has seen GFG Group evolve from a specialist payments consultancy into a well-rounded electronic payments solutions provider,” Row says.
“We have traditionally had good success with our entire solution set, encompassing proven card and mobile payment solutions, as well as testing. We’re now capitalising on this platform by delivering robust, secure, end-to-end payment solutions spanning all mobile devices and card types.”
Row said the convergence of card and mobile would remain a key focus GFG, and the company would continue to execute its mobile and card convergence strategy around the market’s uptake of mobile payments and mobile banking. “We have a significant competitive advantage in our ability to provide bank-grade convergent card and mobile payment solutions for both developed and emerging markets. We will be working with key strategic partners in our target markets to do that.”