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Manchester contactless payment specialists confident in technology

Manchester-based 2ergo Group plc has reported operating losses of £2.4m, but is confident of the commercial potential in its technology.

The provider of contactless mobile technology has recently patented its ‘podifi’ platform, a “plug and play” solution that allows contactless payment via a small pod attached to the cash till.

2ergo say their pipeline is strong, which recent contract wins with Jersey Telecom, University of Salford’s Student’s Union, Compass Group, Trinity College Dublin, University College Birmingham, Warwick University and a Premiership football club.

Neale Graham, Chief Executive of 2ergo, commented: “The progress we have made in commercialising podifi has been very encouraging so far, with a number of contract wins with high profile customers. We believe that our technology platform has great potential in the rapidly growing mobile couponing, loyalty and payments space and the results of recent pilots have reinforced this.

“We have experienced contract delays with some new customers, which have led us to explore fundraising options. Whilst these negotiations are ongoing, we hope to announce a positive outcome over the coming weeks.

“Meanwhile, podifi has started to generate revenue and we believe that the long-term opportunity remains very strong.”

This was posted in Bdaily's Members' News section by Tom Keighley .