PLDT and Rocket Internet create global Joint Venture for Mobile-First Payment Solutions with a focus on Emerging Markets
● PLDT and Rocket create a global 50/50 JV for mobile-first payment services with a focus on emerging markets ● JV combines key existing payment assets from both PLDT/Smart e-Money Inc. and Rocket ● JV to leverage Rocket’s network of online companies in more than 100 countries and PLDT/Smart e-Money Inc.’s pioneering mobile payments platform ● Transaction planned to close in Q1 2015