Sprint Corp (NYSE:S) Will Shutdown Virgin Mobile USA And Transfer Existing Customers To Boost Mobile

Sprint Corp (NYSE:S) announced plans to shut down Virgin Mobile USA beginning February 2, 2020, and transfer the existing subscribers to Boost Mobile. However, the customers will enjoy the same level of support and quality signals and pay the same tariff post-migration to Boost Mobile.

Retain the same phone

According to a communiqué from Sprint, the customers can use the same phone and enjoy the same high-quality voice and other services after migration to Boost Mobile. The customers will be provided with new payment methods because Sprint will remove support for 45/90 Day top-ups and PayPal accounts.

Partners with Wirecard for IoT payment solutions

Sprint entered a partnership with Wirecard AG for payment solutions and the Internet of Things (IoT). As per the terms of the deal, unified commerce solutions of Wirecard will be merged with Sprint’s IoT platform. They will focus on retail business and explore options to expand to other industries. The alliance brings added value to the enterprise clients across the world because they collaborate on embed payment capabilities in the Internet of Things.

Sprint’s Curiosity IoT platform is a new standard for how companies secure and manage connectivity and IoT devices. The IoT platform integrates Curiosity Core with Curiosity OS to enable future commerce by bringing networks to the data collection sites.

Senior Vice President (IoT and Product Development) of Sprint, Ivo Rook, said the company is excited to combine the Wildcard solutions with its IoT platform. It offers several commercial opportunities. The company can provide unparalleled commerce solutions for its clients and global customers. Ivo said the company will identify new opportunities for these technologies.

Executive Vice President (Global Business Development) of Wirecard, Georg von Waldenfels, said working with Sprint offers tremendous opportunities and helps to meet the demand for commerce. IoT facilitates direct transactions between devices. The alliance between Wirecard and Sprint helps to develop new capabilities and offer intelligent and connected purchase experience for the customers.

Revenues of IoT

The revenues of IoT worldwide are $212 billion in 2019 and expect to reach $1 trillion by the year 2023. IoT connected devices across the world are expected to reach 75.44 billion by the year 2025, a significant increase from 2015.

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