July 18, 2013, Shenzhen. SMiT, a global-leading operation platform provider for secure distribution of paid contents, today announced the completion of its strategic investment in Shenzhen iBoxpay Information Technology C0., Ltd (iBoxpay).
iBoxpay is the first payment company that pass Unionpay’s security certificate in China. Different from other third-party payment entrepreneurial companies, iBoxpay positions itself as as a technology provider for mobile payment. While iBoxpay integrates many payment types, its products such as personal mobile POS box and Money Box still maintains high level of security. As for now the number of transactions has exceeded a million times with overall amount more than a billion yuan.
“We are glad to be able to receive strategic investment from SMiT. We firmly believe that iBoxpay will achieve greater progress with this investment.” Said Sen Han, the CEO of iBoxbay.
SMiT aims at bettering the industrial layout in pay TV and mobile internet through strategic investments. This will help to improve the competitiveness of its technology platform, and enhance the synergistic development with other projects.
“We are glad to make our strategic investment in iBoxpay, such an outstanding company.” Said Hongyu Shuai, the President of SMiT. “As iBoxpay runs complementary business to SMiT, this investment will contribute to the completion of our industrial layout and thus create more value for operators and customers in secure transmission of contents.
About SMiT
SMiT is a global-leading operation platform provider for secure distribution of paid contents. In broadcasting industry, SMiT is a world famous provider for customized Conditional Access Module (CAM). Besides, SMiT is also an end-to-end platform provider for secure distribution of OTT paid contents in internet industry, offering operators and content providers flexible OTT-based solutions.
SMiT is founded in 2003 with its headquarter located in Hong Kong. It has branches in Shenzhen, Beijing, Munich, and Silicon Valley. Currently it has about 400 employees.
For more information, please visit http://www.smit.com.cn.
About iBoxpay
iBoxpay is an independently innovative mobile payment solutions and services provider. iBoxPay have independently intellectual rights of Its worldwide initiative two-way audio communication technology and audio secure information encryption technology. It provides a new, convenient and secure mobile payment platform following Unipnpay’s specification, supporting online/offline personal payment business and merchants acquiring services by using bank card.
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