22 Percy Street
Conference highlights innovation as the key to economic recovery
The message is that Britain is innovating to drive growth and it is this innovation underpinned by the UK's high technology, research-led information technology sector that is forming the bedrock for growth in Europe and beyond.
One such UK-based leading edge innovator is mobile payment company Powa Technologies. The company's mPowa mobile payment solution which accepts payments from credit cards inserted into a compact card reader and then communicates with a mobile device via Bluetooth, enabling merchants to accept payments on the move, is revolutionising retail markets all around the world.
Dan Wagner, CEO of Powa Technologies and an enthusiastic advocate of entrepreneurial innovation in the UK said, "The UK is a land of great ideas. As a country we really have to play to our strengths if we are to come out of the current global economic crisis in better shape. There has to be a keen focus on research and development if the UK is to lead the way with the key products of tomorrow. mPowa is a prime example of the sort of leading edge company needed if the UK is to maintain its position as a centre for the kind of original innovation and creativity on display at the G8 Innovation Conference."
mPowa is expanding its global footprint with a number of contracts with high profile organisations like Portugal Telecom Group and First National Bank in South Africa; and it is on the verge of further major success with its mPowa mobile payment solution in other parts of the world. As an innovative British company, it is now helping to advance the retail sector worldwide and its success is helping to lay the foundations for economic recovery in the UK, Europe and beyond.
The Prime Minister, David Cameron has stated that innovation is how the UK will pay its way in the world, and he has made "innovation as a driver for growth and trade" one of the main themes of his G8 presidency.
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