Citi-SK Telecom Venture Expanding
"Mobile Money Ventures LLC, a mobile banking and payments joint venture between Citigroup Inc. and the South Korean wireless carrier SK Telecom, expects to launch its services in six more Asian countries by yearend. Steve Kietz, the company's chief executive, said he expects it to go live in Singapore late in the third quarter and expects "two or three more installations" in North America."
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