Alphyra completes De La Rue division sale
Alphyra has completed the purchase of the Transaction Services Division of De La Rue plc for Stg £6m.
Under the deal, Alphyra will acquire rights to a prepaid cellular platform accredited to all the UK network operators currently live with electronic top-up (Vodafone, Orange and BT Cellnet). The company will use this platform for its own transaction requirements in the UK, and across other European markets.
Alphyra will also acquire the rights to the Payzone brand, a utility payment brand.
Alphyra has announced an agreement with Societe Francaise de Radiotelephonie, SFR, the French telecoms group, for the distribution of prepaid cellular codes in France.
This is Alphyra's first contract within the French market and the company hopes it will enhance its mainland European business model.
Under the agreement, Alphyra will establish the necessary electronic PIN delivery infrastructure in SFR-owned retail outlets and independent retailers throughout France. Work on the project has already started.
