(MENAFN) ASX-listed tech company Mobecom has made a commercial agreement with leading South African-listed telco Vodacom Group which has potential to grow into a multi-million-dollar contract within two years.

The 3-year contract will see Mobecom develop and commercialize a white-labelled mobile service and drift Vodacom's current and historical customer base onto the company's platform.

According to CEO Neil Joseph, the agreement offered other powerful commercial support of Mobecom's digital customer loyalty platform, established with airBux technology.

He said: "Already, we are in commercial discussions around the project's next phase, which will add transactional capability to the mobile service, providing strong future revenue growth potential driven by increasing transaction volumes".

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