Mobile payments are becoming increasingly popular on college campuses. Not only do they offer a convenient way to order food and pay for delivery, but they can also be used to make dining hall reservations and take advantage of loyalty and rewards programs. In addition, mobile payments can help to reduce the risk of fraud and theft. When used properly, mobile payments can provide a secure and convenient way to make purchases on campus. Where does Hangry come in?
Transact Campus acquired Canadian startup Hangry in a move to strengthen their portfolio of services providing transactional services in campus environments. The acquisition brings Hangry’s services already provided through a partnership in-house as detailed in the news release:
“The Hangry platform is built to serve the specific needs of the campus ecosystem and is fully integrated with the Transact platform. To date, Transact has processed 24 million mobile order transactions totaling over $200 million using the Hangry solution. The mobile-first platform delivers a robust application that is custom-branded for schools.”
Hangry brings additional services such as loyalty and rewards as well as other advances that Transact can add into their student-focused portfolio that seeks to take advantage of technology that students are accustomed to using:
“’We are excited to welcome the talented Hangry team and to combine their innovative R&D culture with the continued successes of our Campus Commerce solutions at Transact,” said Nancy Langer, CEO at Transact. “The acquisition will enable us to build on Hangry features and functionality as well as incorporating them into the wide array of Transact solutions that already provide a leading mobile-centric experience for millions of students.’”
Hangry’s services have been offered through partnership to Transact customers, which provides the opportunity to integrate those services into Transact’s permanent portfolio in an accelerated fashion and for those already working through the partnership to continue utilization without interruption.
Overview by Jordan Hirschfield, Director, Prepaid Advisory Service at Mercator Advisory Group