International Business Machines Corporation (IBM), Friday said that Cellum Group, a Hungary-based provider of mobile payment solutions with over a million mobile payment transactions per month has chosen IBM's Flex System to provide more efficient m-payment services in Hungary.
Cellum plans to launch the new service in Hungary by January next year while also eying Bulgaria, Albania and Austria in the near future.
"The IBM Flex System provides the security, flexibility and integration capabilities that will help Cellum Group introduce more efficient m-payment solutions while lowering payment processing costs," said Zsolt Veres, Country General Manager, IBM Hungary. "This system provides the infrastructure for Cellum to rapidly deliver additional m-payment applications and bring new mobile innovations to Hungarian consumers."
The IBM Flex System is a built-to-order service with custom-building and enables configurations to be tuned to suit specific requirements.
For comments and feedback contact: editorial@rttnews.com
Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.