White-label mobile payments and commerce provider Mozido LLC has acquired mobile wallet provider CorFire, which developed mobile wallets for retailers likeDunkin' Donuts, to fuel its global expansion.

Austin, Texas-based Mozido did not disclose the cost of its purchase of the majority ownership of SK C&C USA dba CorFire, which was previously wholly-owned by South Korean IT services provider SK C&C. CorFire's intellectual property and patents will be key to Mozido's plans for attracting new business worldwide, said Dan O'Malley, chief operating officer for Mozido.

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