Sumitomo partners with Vodafone on in-car payments ‒ report

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Strategic Partnerships

Sumitomo will acquire a 20% stake in Vodafone payment-platform subsidiary DABCO

Japanese trading house Sumitomo Corp. is entering the growing market for in-vehicle payments, partnering with the UK's Vodafone to launch a SIM card-based service this 2023, according to a Nikkei Asia report dated May 4.

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