What Margento does

Margento is a mobile transaction technology company founded in 2002 and headquartered in Amsterdam, with an R&D subsidiary (Margento R&D d.o.o.) established in 2006 in Maribor, Slovenia. The company specializes in enabling secure, contactless transactions on any mobile phone through its proprietary Data-Over-Voice (DOV) technology, which transmits transaction data over the phone's voice channel without requiring internet, Bluetooth, NFC, or a smartphone application. The platform supports DOV alongside NFC, QR/barcodes, BLE, and USSD, and is delivered through the Margento MOVE mobility-as-a-service (MaaS) platform, the Margento Processing System (MPS) for transaction lifecycle management, and an in-house hardware line (Mobile Validator, ID Device, Validator terminals). Margento operates a multi-proximity approach designed to be phone- and OS-agnostic, with deployment evidence spanning feature phones, iPhones, and Android devices.

The company sells exclusively through B2B channels to mobile network operators (Telekom Slovenije, Makedonski Telekom, Etisalat Egypt, m:tel Montenegro, Mobily Saudi Arabia), financial institutions (Sampath Bank, NLB Tutunska Banka, Shahr Bank Iran), and government/transit authorities (Slovenian Ministry of Infrastructure, Ljubljana Municipality, City Development & Innovation for Kish Island). Its product suite covers mobile payments, mobile recharge, remittance, ticketing, bill payment, mobile wallets, and loyalty programs. Margento's MOVE platform has cumulatively processed 1.8 billion+ transactions and $7.5 billion in transaction value across 25+ countries, with flagship deployments including the national IJPP integrated transport system in Slovenia (37 transport providers, 1,500+ terminals), the VALÚ smart wallet with Telekom Slovenije (3,000+ locations), and the Urbana smart city platform in Ljubljana.

Revenue is generated through a mix of technology and platform licensing (DOV, MOVE, MPS), per-transaction processing and clearing fees, hardware sales of proprietary terminals, and professional services for system integration. Pricing is project-based and negotiated per deployment, with no public pricing or self-serve channel. Margento holds 25 global patents (filed in 50+ countries) on DOV and adjacent mobile transaction methods. In March 2026, Enghouse Systems Limited (TSX: ENGH) acquired substantially all assets of Margento R&D d.o.o. and integrated it within its Asset Management Group to expand European fare collection capability.

Name

Margento

Legal name

Margento B.V.

Website

https://margento.com

Company type

Private

Founded year

2002

Operating status

Acquired

Headcount range

51–100 employees

Short description

Margento is a mobile transaction technology provider that uses proprietary Data-Over-Voice technology and the MOVE MaaS platform to enable secure payments, ticketing, and loyalty on any mobile phone. Founded in 2002 and headquartered in Amsterdam, it serves MNOs, banks, and transit authorities across 25+ countries.

Ownership category

akta.pro rank

Product category

Mobile Transaction Technology and Mobility-as-a-Service Platform

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB)

akta.pro secondary industries

Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB), Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD), Mobile Ticketing & Digital Pass Apps (THAIAMAB)

Keywords

• Mobile payment technology
• Mobility-as-a-service platform
• Contactless transaction solutions
• Mobile ticketing systems
• Smart city payments

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Technology Licensing and Platform Licensing: Margento licenses its proprietary DOV technology, platform software, and hardware to mobile network operators, financial institutions, and transit authorities who deploy Margento-powered solutions to their end customers. Revenue is generated through licensing agreements, technology deployment fees, and ongoing platform maintenance/support.
2. Transaction Processing and Clearing Services: The Margento Processing System handles transaction capturing, processing, clearing and settlement for all mobile transactions conducted on its platform. Revenue is derived from per-transaction fees charged to service providers (MNOs, banks, merchants) using the platform.
3. Hardware Sales (Terminals and Devices): Margento designs and manufactures bespoke terminals (Mobile Validator, ID Device, Validator) and related hardware which are sold or deployed to partners operating Margento-powered networks. The company also supports generic and EMV terminals running Margento software.
4. Professional Services and Implementation: Margento provides system integration, project implementation, and consulting services to deploy complex national mobility and smart city solutions (e.g., IJPP in Slovenia, Smart City systems in Macedonia, Kish Island Iran).

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Margento develops and licenses proprietary mobile transaction technology, centered on its patented Data-Over-Voice (DOV) technology that turns any mobile phone (feature phone or smartphone, including iPhone) into a secure payment instrument using the voice channel without requiring internet, NFC, Bluetooth, or a mobile app. It provides the MOVE mobility-as-a-service platform for transit agencies, cities, financial institutions, and mobile network operators to deploy mobile payments, ticketing, account-based fare collection, loyalty, and remittance, and designs in-house hardware terminals and a transaction processing system (MPS) used in national-scale deployments.

Product overview

Margento is an innovative global provider of mobile transaction solutions since 2002, offering a platform-plus-modules architecture. The core offering is the Margento MOVE Platform—an all-in-one scalable open mobility-as-a-service platform—combined with proprietary Data-Over-Voice (DOV) technology and a portfolio of hardware terminals (Mobile Validator, ID Device, Validator). The solution suite includes Mobile Payments, Mobile Recharge, Mobile Remittance, Mobile Ticketing, Bill Payment, Bonus & Loyalty Programs, and Mobile Wallet services. Margento Processing System (MPS) serves as the central platform with MPSA administration tools. The company serves financial institutions, mobile operators, retailers, and governments, processing over 7.5 billion USD in transactions across 1.8 billion transactions with 25 global patents. Enghouse Systems acquired substantially all assets of Margento R&D d.o.o. for integration into Enghouse's Asset Management Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Margento MOVE Platform All-in-one scalable open mobility-as-a-service platform that enables cities, transit agencies, bus and railway companies, and value-added services to onboard and manage mobile transactions, fare collection, account-based ticketing, ID management, and white-label mobile wallets across multiple transport providers and services; processed over 1.7–1.8 billion transactions.
• Data-Over-Voice (DOV) Proprietary contactless data-over-voice transaction technology that uses the voice channel of a customer's mobile phone for fast, secure, and cost-effective wireless transmission of transaction messages in face-to-face solutions; works on any handset regardless of OS, does not require a mobile app, and is patented in over 50 countries.
• Margento Processing System (MPS) Core platform component providing transaction processing capabilities, interfaces with banks and service providers, and including Crypto Server (CS) for terminal communication security, Margento Access Point (MAP) for MNO interface, and Margento Processing Center (MPC) for complete transaction lifecycle management.
• Mobile Validator Terminal In-house designed counter-top and mobile terminal supporting all Margento transaction types including DOV, NFC, swipe and smart card payments, contactless cards, thermal printer, SD card, GPRS modem, and built-in cryptography for cashless payments, loyalty, bill payment, remittance, and transit validation.
• ID Device Terminal Compact, water-resistant in-house terminal designed for ticketing solutions including contactless card and mobile phone payments, account recharge, and balance checking; used in public transit, parking, vending, and entertainment ticketing machines.
• Validator Terminal In-vehicle ticket validator terminal for public transit fare collection enabling fast contactless card and mobile phone ticket validation and payment to improve passenger flow.
• Mobile Payments Comprehensive solution enabling customers to use mobile phones to pay for products and services at points of sale, supporting multiple payment accounts including bank accounts, credit/debit cards, and stored value accounts; offered to merchants and service providers as a deployable service.
• Mobile Recharge Electronic recharging solution for prepaid mobile accounts allowing customers to recharge via cash, bank account, or credit/debit cards at Margento-enabled points of sale; deployed with mobile operators such as Telekom Slovenije and m:tel Montenegro.
• Mobile Remittance Money transfer service enabling individuals to send money to recipients who can collect funds at local participating businesses through a network of Margento terminals using mobile phones.
• Mobile Ticketing Comprehensive ticketing system covering ticket purchase, distribution, and validation for public transportation, entertainment venues, and events via mobile phones; proven through the award-winning Urbana deployment and Slovenia's national IJPP system.
• Bill Payment Solution enabling merchants to collect payments for utility and other bills, providing consumers with flexible payment options at convenient locations.
• Bonus & Loyalty Programs Loyalty programme solution allowing businesses to recognise and reward customers at the point of sale through mobile phones, eliminating the cost of plastic loyalty cards and enabling instant customer registration.
• Mobile Wallet Prepaid stored value account accessed by mobile phone enabling cashless payments at entertainment facilities, venues, and for various services, with features for prepaying, paying at entrance, and purchasing items inside premises.
• Smart City Solutions Comprehensive cashless payment solutions for cities and municipalities covering public transport ticketing, mobile payment for public services, and city mobile applications for citizens and tourists.
• Urbana City Card Smart city card solution for Ljubljana enabling public transport, city bike rentals, park and ride, and various payment services, with mobile app and wearable support, integrating Visa, MasterCard, and PayPal funding.
• IJPP (Integrated Public Passenger Transport) System National integrated public transport system for Slovenia covering 37 transport providers and over 1500 deployed terminals, enabling single contactless card usage across all providers for unified ticketing and fare collection.
• VALÚ Smart Wallet Mobile wallet issued by Telekom Slovenije powered by Margento DOV technology, enabling electronic payments, e-commerce, P2P transfers, bill splitting, and public transit integration across Slovenia.

Quantifiable outcome

• USD 7.5 billion in total transaction value processed across all markets and implementations
• +6 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered core, supporting and regional.

• PAX TechnologycoreTechnology or IntegrationMargento deploys its software and DOV technology on PAX payment terminals, including the PAX a920 which has been deployed at over 3,000 locations in Slovenia for the VALÚ smart wallet. PAX terminals serve as the hardware platform for Margento's mobile payment and transaction solutions.
• NXP SemiconductorssupportingTechnology or IntegrationNXP provides semiconductor components used in Margento's contactless payment solutions, particularly for NFC and secure element technology integrated into Margento's terminals and mobile payment systems.
• Texas InstrumentssupportingTechnology or IntegrationTexas Instruments provides semiconductor and processing components that support Margento's terminal hardware and mobile transaction systems.
• SiemenscoreImplementation/ SI/ Consulting PartnerSiemens partnered with Margento on integrated transport and mobile payment solutions, deploying Margento technology within broader Siemens transportation and infrastructure projects. Siemens is also recognized alongside Margento in industry award nominations.
• IskratelregionalImplementation/ SI/ Consulting PartnerIskratel, a Slovenian ICT company, collaborates with Margento on technology projects in the Balkans region, integrating Margento's mobile transaction solutions into broader technology deployments.
• Trace AlliancesupportingStrategic or Co-development PartnerTrace Alliance is a non-profit blockchain association connecting businesses, public sector, academics and technology companies. Margento joined in August 2018 to explore blockchain applications for supply chain integrity, data governance, and transparency in mobile transaction services.
• Makedonski Telekom (Deutsche Telekom Group)coreOEM/ Whitelabel/ Licensing PartnerMakedonski Telekom, part of Deutsche Telekom Group, uses Margento's technology for the My Club loyalty programme (largest in Macedonia) and the Smart City system in Skopje that won the WITSA Global ICT Excellence Award. A long-standing strategic partner.
• Telekom SlovenijecoreOEM/ Whitelabel/ Licensing PartnerTelekom Slovenije issues the VALÚ smart wallet powered by Margento DOV technology, enabling electronic payments, P2P transfers, and public transport integration across Slovenia. Margento installed firmware on PAX a920 terminals at 3,000+ locations.
• m:Tel (Montenegro)regionalOEM/ Whitelabel/ Licensing Partnerm:Tel, a mobile operator in Montenegro, partnered with Margento to introduce universal mobile payment and airtime recharge system (M-Pay) on 1500 deployed terminals across retail outlets of Tabacco, S Press, NTC, and retail chains throughout Montenegro.
• Etisalat EgyptregionalOEM/ Whitelabel/ Licensing PartnerEtisalat Egypt partnered with Margento to launch a mobile coupons service in cooperation with McDonald's, allowing prepaid users to receive free McDonald's burgers by charging their mobile accounts. Part of the eTopup, eVoucher, and eLoyalty programme ecosystem.
• Sampath Bank / Imovation Solutions (Sri Lanka)regionalOEM/ Whitelabel/ Licensing PartnerSampath Bank and Imovation Solutions launched the Sampath Z Reload mobile recharge service in Sri Lanka powered by Margento technology. The service combines all Sri Lankan mobile operators within a single platform, using Margento-developed Mobile Validator terminals at hundreds of locations.
• Mobily (Saudi Arabia)regionalOEM/ Whitelabel/ Licensing PartnerMobily, a Saudi Arabian MNO, partnered with Margento for mobile transaction services including the Neqaty loyalty programme, deploying Margento's technology across Saudi Arabia.
• City Development & Innovation / Shahr Bank (Iran)regionalOEM/ Whitelabel/ Licensing PartnerCity Development & Innovation company, a Shahr Bank subsidiary, partnered with Margento to establish a cashless city solution on Kish Island, Iran, serving the 80 million Iranian market with mobile proximity transaction solutions.
• OpenWays (France)supportingTechnology or IntegrationOpenWays, a French technology company, is listed as a technology partner reference alongside Margento, suggesting integration or complementary technology collaboration in the mobile access/payment space.
• University of MariborsupportingStrategic or Co-development PartnerThe University of Maribor's Faculty of Electrical Engineering and Computer Science cooperates with Margento on research. Several Margento colleagues work part-time as university lecturers and researchers. Joint research activities have resulted in published scientific papers and patents.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tonetag: Tonetag is an India-based fintech that builds data-over-audio (sound-based) proximity payment solutions for retail and mobile use cases. It directly competes with Margento's DOV technology and is the named party in Margento's Indian patent oppositions.
• INIT AG: INIT AG supplies integrated fare collection systems, mobile ticketing and account-based ticketing solutions to public transit agencies worldwide. Comparable to Margento's MOVE platform for multimodal MaaS deployments.
• Masabi: Masabi provides software-as-a-service mobile ticketing and fare validation platforms to public transit operators, including account-based ticketing. Like Margento, it delivers white-label MaaS platforms that let agencies issue mobile tickets and validate contactless rides.
• Scheidt & Bachmann: Scheidt & Bachmann provides fare collection, ticketing and access management systems for public transport operators. Overlaps with Margento's transit fare collection and account-based ticketing business across European and global operators.

Broad incumbents

• Worldline (formerly Ingenico): Worldline/Ingenico is a global payments and POS terminal provider, including contactless terminals used in transit and retail. It is comparable as a POS hardware and acceptance infrastructure incumbent serving many of the same financial institution partners Margento targets.
• Verifone: Verifone is a leading global POS hardware and payment acceptance provider used by merchants, banks and transit operators. Comparable to Margento's Mobile Validator and ID Device hardware lines for retail and transit use cases.
• SumUp: SumUp is a global mPOS and SoftPOS provider enabling small merchants to accept card and mobile payments via smartphones and tablets. Comparable to Margento in turning phones into payment instruments, though on a much larger SMB-focused footprint.
• Conduent Transportation: Conduent's transportation segment provides fare collection, transit mobility and ticketing solutions to public agencies. It is a broad incumbent that competes with Margento on MaaS and account-based ticketing at national scale.
• Cubic Transportation Systems: Cubic is a global incumbent in urban and inter-urban transit fare collection, including account-based ticketing and contactless payment. It competes with Margento for major transit authority contracts at greater scale and with deeper public-sector references.

Emerging players

• M-KOPA: M-KOPA provides mobile-based payment and financing solutions for underbanked customers in Africa using any feature phone. It addresses a similar financial-inclusion use case as Margento's mobile transaction stack, although it focuses on solar/asset financing rather than transit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/margento_rnd
• Facebookfacebook.com/margentornd
• LinkedInlinkedin.com/company/margento

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Margento