PHOENIX, AZ--(Marketwired - Mar 3, 2014) - SinglePoint, Inc., a state-of-the-art mobile technology company and full-service mobile marketing company, is pleased to announce it has finalized a JV agreement Motivity Labs, a global expert in mobile app development and cloud computing, to enhance existing and design new mobile payment software applications for the rapidly growing legalized cannabis industry and retailers otherwise, nationwide.
Motivity has a wealth of credentials in the mobile applications space including development and testing efforts for the largest software companies in the world, major wireless operators, global mobile manufacturers and enterprise security product companies. They have also built and tested mobile applications for over 300 start-ups across the globe including portfolio companies of the most prominent private equity and venture capital firms in Silicon Valley.
The joint venture will enable both companies to expand upon their mobile development initiatives. Motivity Labs will initially focus on building out the application SinglePoint has designed for use in the Legalized Marijuana industry, eventually developing apps across all SinglePoint mobile payment verticals including mobile donations, mobile auctions and more.
Mobile based transactions, including mobile payments "is going to grow explosively in the next few years," states a BI Intelligence report recently.
Motivity Labs and SinglePoint believe that working together will produce amazing developments particularly realizing that the combination of SinglePoint's merchant services and Pay by Text™ along with Motivity Labs specialized application development could bring about the potential for direct competition with companies such as Square and Inuit.
SinglePoint, Inc. (
Motivity Labs is a mobile, cloud and big data insights solution provider with a global presence in India and the US. Backed by Naya Ventures, a Venture Capital firm focusing in mobile and cloud, we work with Fortune 500 companies across multiple industries as well as innovative product companies in the mobile and cloud computing areas. Our projects include development and testing efforts for the largest software companies in the world, major wireless operators, global mobile manufacturers and enterprise security product companies. Our teams have also worked closely with large enterprises as well as start-ups in helping them define and execute on their mobile strategy
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For more information see www.singlepoint.com
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