“Prior to Glance, I was Co-founder and CEO of a company called Pay by Phone. This brought mobile parking to over 100 cities around the world. Moreover, Glance changes the way businesses and consumers interact around payments and reward systems using mobile devices.
Look at what’s happened in China recently. The mobile payments have gone from a small part of the payment infrastructure to far predominant form of payment. Consequently, Wall Street Journal quoted that last year nine trillion dollars were transacted by mobile devices in China.
Moreover, we see similar opportunities in North America. One of our main implementations is in the restaurant space right now. This lets you pay for your bill from your table without having to wait around for the waitress. Further lets you get there 10 percent faster in terms of the whole time you’re sitting in a restaurant.
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