Mobeam Inc. has formed a partnership with an Austrian micro sensor company to create a bar-code format that any point of sale scanner can read for smartphone-based payments or coupon redemption.

The partnership between San Francisco-based Mobeam and Ams, formerly known as Austriamicrosystems, takes aim at paper coupons and the process of waiting months for reimbursement, the companies stated this week at the Mobile World Congress in Barcelona, Spain.

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