DeviceFidelity, which has spent years supporting hardware-based mobile payment systems with the likes of Visa and MasterCard, is reporting success in devoting more attention to the software-based aspects of its moneto wallet.

"Initially our growth was limited because we believe we were too geared toward the [Near Field Communication] part of the wallet," says Youri Bebic, general manager of prepaid programs for DeviceFidelity. "Since we have expanded to a full mobile financial platform, our volume has improved."

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