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More money...and more competition.
Valuation Doubles as Philippines Long Distance Telephone Company (PLDT) invests $445M into the Samwer brothers machine and set their sights on emerging markets payments and commerce.
“If you can imagine Paypal, Bancnet, Megalink, point of sale systems, VISA, MasterCard, Octopus, mobile payments, SMS, two-factor authentication, ForEx, pre-paid services, bills payment, banking, rewards and loyalty system and fund disbursement, all rolled into one system, that’s VMoney,” Santos says.
http://www.techinasia.com/philippines-pldt-rocket-internet-vmoney/
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