Home Technology Tech Stocks Overview= Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT), Symantec Corporation (NASDAQ:SYMC)

Tech Stocks Overview= Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT), Symantec Corporation (NASDAQ:SYMC)


Mobil’nye Telesistemy PAO (ADR) (MBT) launches MTS Money Wallet, that facilitates users to get an easy “one-click” access to MTS’s financial services and be rewarded with bonuses and loyalty points. The new service combines all payments tools on one platform – electronic wallet, bank cards, and customers’ mobile account balances. Not just a payment system, MTS Money Wallet is a hub for all of MTS’s financial services.

Vasyl Latsanych, Vice President for Strategy and Marketing at MTS, believes the launch of MTS Money Wallet marks the transformation of the smartphone into a functional and versatile financial tool. “Recently we are entering into a new era of mobile and financial services. We created the unified ecosystem, which would become a convenient, transparent, and secure alternative for cash and bank cards. The initial functions included in the service only mark the starting of our journey. We will combine all possible payment solutions with leading loyalty programs. We believe that cash and cards will become redundant in near future. All we’ll need for comfortable communications and financial administration is a smartphone”.

MTS clients got an option to make payments and money transfers from the e-wallet through a smartphone or MTS website. There is no need to open a bank account or issue a bank card. Users are able to access the MTS Money Wallet through the iOS and Android apps or the MTS Money Wallet website (www.dengi.mts.ru). The service is available for both individuals and businesses.

Symantec Corporation (SYMC) declared that it accomplished its acquisition of LifeLock, Inc., a leading provider of identity theft protection, for about $2.3 billion. The acquisition transforms Symantec’s consumer business and creates the most comprehensive consumer digital safety platform to assist people protect their information, identities, devices and families. This follows the approval of the transaction by LifeLock’s shareholders on January 26, 2017.

Digital safety is an estimated $10 billion market, and is projected to grow nearly 7 percent annually, as more than one-third of Americans and more than 650 million people globally were victims of cybercrime last year.

“The combination of Symantec, the leader in consumer security, and LifeLock, with more than 4.5 million members, paves the way for us to deliver comprehensive digital safety solutions for consumers who face an onslaught of new risks every day,” said Symantec CEO Greg Clark. “With the addition of LifeLock, consumers will now have a single place to get the protection services they need for their entire digital lives – from two trusted, industry-leading brands.”

“As more and more consumers are shopping online and sharing their personal lives on social networks, protecting their personal data is an important concern that continues to grow,” said Al Pascual, Senior Vice President, Research Director and Head of Fraud & Security, of Javelin Strategy & Research. “Last year, consumers spent over 100 million hours resolving identity fraud. If we are to stop this from getting worse, consumers are going to need reliable and effective partners to secure their digital lives against identity theft.”