Mobilis Banks on the Unbanked with the Release of MobilisMoney |
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Mobilis Networks Limited, a turnkey provider of Wireless and Wireless Broadband communication solutions across the Middle East, Africa, Asia and Oceania, is pleased to announce the release of MobilisMoney, the Mobilis Mobile Money Transaction Platform.
MobilisMoney utilises USSD and SMS to allow an Operator's subscribers to send money via mobile to any other mobile instantly, securely and without the need for a bank account. With MobilisMoney subscribers can transfer money to other subscribers, deposit and withdrawal money from authorised agents, pay for goods and services, pay their bills and top-up their airtime via their mobile money accounts.
In emerging markets mobile telecommunications are transforming the way in which business and financial transactions are managed. New business models are quickly being established based on micro financing and micro business. Referring to these new business models, Mobilis CEO, Chris Jones says, "With a billion mobile phone users not having bank accounts there is a significant mismatch between mobile subscriber numbers and bank account holders. This represents a massive opportunity for Mobile Operators to offer new financial services to lift revenue, increase subscriber numbers and reduce churn."
With MobilisMoney Operators can provide banking services that are otherwise out of reach to the 'unbanked' population. MobilisMoney presents a distinct competitive advantage over operators not offering mobile financial transaction services; this leads to strong customer acquisition and establishes new levels of stickiness between the operator and subscriber.
Jones adds, "We have been building real-time billing platforms for telecommunication Operators for 15 years. We understand mobile transactions better than any general VAS vendor on the market. Our mobile money solution is a natural extension of our real-time converged rating, charging and transaction platform. We are particularly excited by MobilisMoney and see it as a must-have service for Operators in emerging markets."
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About Mobilis Networks Limited
Mobilis Networks Limited is an international software company that develops a converged suite of IMS-compliant telecommunications solutions including Realtime Pre- and Post-paid Billing, Rating and Charging, HSS, Mobile Money, Media Caching, International Gateways, Value Added Services, OSS and Infrastructure software for Mobile Operators, ISPs and NGNs enabling PSTN, GSM, 3G, 4G WiMAX/LTE Voice, Data, Messaging, VoD and IPTV on a single platform.
Mobilis' strength is its ability to offer carriers and service providers a range of competitively priced telecommunications products and services and the software to enable them to target these new areas of the market. These solutions enable carriers and service providers to roll out unique bundled or individual products and services which enable a higher ARPU while maintaining customer loyalty and growth.
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For more information,please contatct:
Ian Allan
Channels & Marketing Manager
mobilis
Mobile: +6421 047 3399
Tel: +649 361 8507
Email: ian.allan@mobilis.com
Website: www.mobilis.com
© Press Release 2010
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