1537:
198:; and on 2 March 2016, Sky News revealed that two of Powa's core businesses, PowaWeb and PowaTag, had been sold. Under separate deals, PowaTag was sold to a private consortium led by former Powa Technologies director Ben White, while PowaWeb was sold in a buyout backed by Greenlight Digital, a UK-based digital group whose interests include Greenlight Commerce Platform and OneHydra for SEO.
230:
was a mobile business platform developed by Hong Kong-based company MPayMe, a business technology company founded in 2010. ZNAP supported
Internet (online shopping), mobile shopping (via mobile handsets), print (magazines, newspapers), outdoor ads (posters, bus shelters), television, and app-to-app.
205:
called into question several of the claims that had previously been made. Powa's self-proclaimed 2014 valuation of $ 2.6 billion was investigated, and it was concluded that $ 106 million (£75 million) was a more accurate figure. The claimed "10-year strategic alliance with ‘limitless’ potential”
218:
and the rest of the world here...” was found to be unknown to China UnionPay who had their lawyers request that Powa stop making the false claims and the majority of the partners upon which the investment and consequent valuation had been based, were found to be just
Letters of Intent at best.
168:
for the Group, supporting the process and the sale of the companies in the group. On 19 February 2016, Powa
Technologies was placed into administration, and on 23 February 2016, Powa Technologies made 74 of its London-based staff redundant. On 24 February 2016, Powa Technologies filed for
285:
detection, audio recognition, and beacon technology. Audio watermarks in the form of inaudible tones embedded within radio, commercials, or live broadcast events were detectable by the app, taking users to a mobile commerce store where a purchase could be made.
24:
885:
1576:
273:. At the time of launch, more than 240 retailers were reported to have signed to use the service, but later reports revealed that most of the companies had only written non-binding letters of intent.
424:
149:
In June 2014, Powa
Technologies acquired Hong Kong business MPayMe and its ZNAP technology. Following the acquisition, Wagner suggested that Powa had an enterprise value of $ 2.6 billion.
160:
office had failed to pay its employees wages on time and to its ex-employees within 7 days, with some employees having to seek help from the Labor
Department. On 28 January 2016,
156:£1.6 billion float would be put on hold until the following year. By early 2016, the company had run into financial difficulties, missing payments to staff and third parties. Its
372:
893:
758:
321:
832:
1561:
250:
In May 2014, ZNAP was acquired by Powa for 75 million USD in an all share deal. ZNAP product and customers merged with Powa
Technologies PowaTag division.
281:
With the app, users could make purchases using a smartphone, with payment and delivery details tied to a specific device. The app incorporated elements of
916:
783:
398:
987:
652:
1223:
501:
714:
475:
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863:
572:
1252:
840:
628:
142:
round for a technology start-up at the time, collecting $ 76 million in August 2013. The investment attracted the attention of
980:
170:
115:
164:
became CEO of PowaTag in the effort of restructuring the business. During the administration, he also served as interim
1046:
231:
Basic features included electronic vouchers/coupons, real-time loyalty programme management, alongside secure/efficient
1126:
743:
490:
525:
1233:
700:
1228:
806:
676:
512:
373:"Powa Technologies Picks Up A $ 76M Series A Investment To Take Its Mobile Payment And E-Commerce Platform Large"
1571:
1540:
973:
1131:
165:
954:
593:
1517:
1391:
1381:
1178:
607:
153:
728:
1344:
1061:
214:
as “Why did China UnionPay decide to partner with a little
British technology company? We’ve trumped
178:
123:
1297:
295:
1153:
161:
1041:
1437:
1081:
300:
195:
190:
1457:
1376:
1267:
1066:
232:
202:
864:"Powa Technologies: Most 1,200 PowaTag deals were 'letters of intent' - Business Insider"
573:"Powa Technologies: Most 1,200 PowaTag deals were 'letters of intent' - Business Insider"
269:
by Powa
Technologies. PowaTag was launched at a March 2014 event in New York by Powa CEO
1507:
1364:
996:
262:
240:
139:
1555:
1477:
1371:
1262:
1138:
244:
143:
784:"PowaTag looks to unlock the power of social in retail with 'touch to buy' triggers"
1467:
1257:
1183:
1359:
1272:
1101:
759:"The Secret Technology That Attracted $ 76 Million And Could Eat Amazon's Lunch"
322:"The Secret Technology That Attracted $ 76 Million and Could Eat Amazon's Lunch"
52:
48:
546:
450:
346:
1406:
1401:
1116:
1111:
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270:
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135:
107:
103:
37:
1247:
1203:
1086:
1036:
236:
215:
157:
23:
886:"Waitrose, Argos and Laura Ashley to allow shoppers to buy direct from ads"
194:
revealed that most of Powa's 'contracts' had in fact only been non-binding
965:
1497:
1447:
1416:
1329:
1307:
1193:
1173:
1168:
1158:
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174:
119:
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bankruptcy and laid off most of their employees. The investment company
1452:
1442:
1354:
1339:
1302:
1277:
1188:
653:"Powa Technologies and China UnionPay: when a deal isn't what it seems"
282:
71:
833:"Why Point and Click Retail App PowaTag Shunned NFC For Apple iBeacon"
1502:
1492:
1487:
1472:
1462:
1411:
1319:
1292:
1287:
1213:
1021:
958:
715:"iZettle to ZNAP: five new payment methods every firm needs to know"
110:
services. The company’s flagship product was the mobile application
1512:
1421:
1396:
1386:
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1312:
1282:
1218:
1208:
1198:
1163:
1148:
1143:
1121:
1051:
1016:
807:"PowaTag e-commerce system debuts, aims to revolutionize shopping"
744:"Powa Tech buys MPayMe for $ 75m to corner mobile payments market"
946:
1522:
1482:
1349:
1334:
1238:
1056:
1011:
201:
After the collapse of the business, a series of articles by the
969:
211:
476:"Powa Technologies puts float on hold as PowaTag is priority"
102:
was a UK-based technology company, known for its commerce,
399:"Powa to create 250 UK jobs after major cash injection"
210:
that Dan Wagner personally described in a quote to the
86:
1577:
Information technology companies of the United
Kingdom
513:
Bust London tech unicorn Powa makes 74 staff redundant
491:
425:"Powa Technologies valued at £1.6bn after acquisition"
502:
Powa Technologies appoints Deloitte as administrators
480:
Express', 1 February 2015. Accessed 28 October 2015.
1430:
1004:
81:
64:
43:
33:
547:"Powa: The start-up that fell to earth - BBC News"
347:"Powa: The start-up that fell to earth – BBC News"
629:"So how much was Powa Technologies really worth?"
134:Powa was founded in 2007 by British entrepreneur
981:
703:. Hong Kong Business Magazine. March 1, 2013.
526:"Former U.K. Tech Darling Powa Goes Bankrupt"
8:
16:
152:In 2015, they announced that their planned
988:
974:
966:
397:Burn-Callandar, Rebecca (21 August 2013).
15:
915:Burn-Callander, Rebecca (March 4, 2014).
235:. The ZNAP mobile app was available for
114:. In February 2016, investment company
917:"Retail revolution will be PowaTag-ged"
757:Strauss, Karsten (September 13, 2013).
608:"Tech Firm Sold Off After Powa Failure"
594:"Tech Firm Sold off After Powa Failure"
312:
1562:Online companies of the United Kingdom
320:Strauss, Karsten (13 September 2013).
173:appointed professional services firm
118:appointed professional services firm
7:
717:. Real Business. September 9, 2013.
138:. The company received the largest
831:Russon, Mary-Ann (March 6, 2014).
701:"Hong Kong's 20 Hottest Start-ups"
677:"Would you have invested in Powa?"
14:
729:"Powa Technologies acquires ZNAP"
451:"The Billion-Dollar Startup Club"
371:Lunden, Ingrid (20 August 2014).
1536:
1535:
22:
742:Sally, Davies (June 12, 2014).
423:Titcomb, James (12 June 2014).
884:Vizard, Sarah (May 29, 2014).
805:Hsu, Tiffany (March 4, 2014).
185:Revelations of false valuation
1:
837:International Business Times
731:. PaymentEye. June 14, 2014.
1567:Mobile technology companies
1593:
955:"PowaTag official website"
610:. News.sky.com. 2016-02-19
1531:
1458:Google Wallet (2011-2018)
449:Phillips, Andrew Garcia.
21:
866:. Uk.businessinsider.com
575:. Uk.businessinsider.com
265:enabling technology and
455:The Wall Street Journal
126:of Powa Technologies.
28:Powa Technologies Logo
171:Wellington Management
116:Wellington Management
1382:Touch 'n Go eWallet
786:. Internetretailing
681:ftalphaville.ft.com
657:ftalphaville.ft.com
633:ftalphaville.ft.com
296:Contactless payment
247:supported devices.
18:
1154:Interac e-Transfer
746:. Financial Times.
524:CFO (2016-02-24).
267:mobile application
162:Alessandro Gadotti
74:* PowaPOS* PowaWeb
1549:
1548:
1042:Atom Technologies
196:letters of intent
100:Powa Technologies
97:
96:
17:Powa Technologies
1584:
1539:
1538:
990:
983:
976:
967:
962:
957:. Archived from
950:
949:
947:Official website
932:
931:
929:
927:
912:
906:
905:
903:
901:
892:. Archived from
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850:
848:
839:. Archived from
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301:Electronic money
206:deal with China
191:Business Insider
140:Series A funding
93:
90:
88:
26:
19:
1592:
1591:
1587:
1586:
1585:
1583:
1582:
1581:
1572:Mobile payments
1552:
1551:
1550:
1545:
1527:
1426:
1268:Oxigen Services
1067:Carta Worldwide
1000:
994:
953:
945:
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941:
936:
935:
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923:
914:
913:
909:
899:
897:
896:on July 8, 2014
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553:. 21 March 2016
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353:. 21 March 2016
345:
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292:
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233:mobile payments
225:
203:Financial Times
187:
132:
104:mobile commerce
85:
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60:
56:
29:
12:
11:
5:
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1369:
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1365:Samsung Wallet
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1327:
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1132:Google Pay app
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997:Mobile payment
995:
993:
992:
985:
978:
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964:
963:
961:on 2014-11-09.
951:
940:
939:External links
937:
934:
933:
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890:Marketing Week
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263:mobile payment
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241:Google Android
224:
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179:administrators
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124:administrators
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59:United Kingdom
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1478:Microsoft Pay
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1372:Spice Digital
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1263:Osaifu-Keitai
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1147:
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1140:
1139:Google Wallet
1137:
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956:
952:
948:
943:
942:
938:
926:September 30,
922:
921:The Telegraph
918:
911:
908:
900:September 30,
895:
891:
887:
880:
877:
865:
858:
855:
847:September 30,
843:on 2014-10-10
842:
838:
834:
827:
824:
816:September 30,
812:
808:
801:
798:
785:
779:
776:
768:September 30,
764:
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738:
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528:. Ww2.cfo.com
527:
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245:BlackBerry OS
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39:
36:
32:
25:
20:
1468:Lemon Wallet
1392:UnionPay app
1258:Orange Money
1199:Mobile Suica
1184:Mercado Pago
1047:Bancomat Pay
959:the original
924:. Retrieved
920:
910:
898:. Retrieved
894:the original
889:
879:
868:. Retrieved
857:
845:. Retrieved
841:the original
836:
826:
814:. Retrieved
810:
800:
788:. Retrieved
778:
766:. Retrieved
762:
752:
737:
723:
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695:
684:. Retrieved
680:
671:
660:. Retrieved
656:
647:
636:. Retrieved
632:
623:
612:. Retrieved
602:
588:
577:. Retrieved
566:
555:. Retrieved
550:
541:
530:. Retrieved
519:
508:
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486:
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458:. Retrieved
454:
444:
432:. Retrieved
428:
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406:. Retrieved
402:
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380:. Retrieved
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355:. Retrieved
350:
341:
329:. Retrieved
325:
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258:
257:
249:
227:
226:
200:
189:
188:
181:of PowaTag.
151:
148:
133:
111:
99:
98:
44:Headquarters
1360:Samsung Pay
1273:PayAnywhere
1102:EServGlobal
474:Ho, Geoff.
460:21 November
53:Bishopsgate
49:Heron Tower
1556:Categories
1407:WeChat Pay
1402:Wave Money
1127:Google Pay
1117:Garmin Pay
1112:FreeCharge
1107:Fitbit Pay
1077:CDS Global
1032:Apple Cash
1027:Amazon Pay
870:2016-03-27
686:2016-03-17
662:2016-03-17
638:2016-03-17
614:2016-03-27
579:2016-03-27
557:2016-03-21
532:2016-03-27
377:TechCrunch
357:2016-03-21
307:References
271:Dan Wagner
136:Dan Wagner
108:e-commerce
38:Dan Wagner
1298:Braintree
1248:Naver Pay
1204:MobilePay
1087:Easypaisa
1037:Apple Pay
862:Finance.
790:6 October
571:Finance.
434:8 October
429:Telegraph
408:8 October
403:Telegraph
382:8 October
237:Apple iOS
158:Hong Kong
1541:Category
1498:Softcard
1448:CurrentC
1417:YooMoney
1330:Payworld
1308:Paydiant
1194:MobiKwik
1174:Line Pay
1169:KakaoPay
1159:JazzCash
1097:Ensygnia
1092:EnStream
1072:Cash App
999:software
811:LA Times
551:BBC News
351:BBC News
290:See also
277:Features
216:ApplePay
208:UnionPay
175:Deloitte
120:Deloitte
65:Products
55:, London
1453:Fortumo
1443:Bell ID
1431:Defunct
1355:Revolut
1340:PhonePe
1303:iZettle
1278:PayMate
1189:Mir Pay
331:3 March
283:QR code
259:PowaTag
254:PowaTag
130:History
112:PowaTag
82:Website
72:PowaTag
34:Founder
1503:Tagpay
1493:Simpay
1488:Pingit
1473:LG Pay
1463:Kuapay
1438:AirTag
1412:Wizzit
1320:PayPay
1293:PayPal
1288:PayNow
1214:M-Pesa
1082:Circle
1022:Alipay
1005:Active
763:Forbes
326:Forbes
261:was a
243:, and
1513:vcash
1422:Zelle
1397:Vipps
1387:TWINT
1377:Swish
1325:Paytm
1313:Venmo
1283:PayMe
1219:Nagad
1209:Mopay
1164:Jumio
1149:iDEAL
1144:Gopay
1122:GCash
1052:bKash
1017:Adyen
89:.powa
1523:Znap
1518:Zapp
1483:Paym
1350:Qiwi
1335:Paze
1253:NEFT
1239:BHIM
1229:IMPS
1224:NPCI
1179:Maya
1062:Boku
1057:Blik
1012:2C2P
928:2014
902:2014
849:2014
818:2014
792:2014
770:2014
462:2014
436:2014
410:2014
384:2014
333:2014
228:ZNAP
223:ZNAP
106:and
91:.com
1508:Tez
1345:Pix
1234:UPI
212:BBC
177:as
166:CEO
154:LSE
122:as
87:www
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