29 July 2016
Find out more

MTS launches mobile money tool in Africa

21 February 2013  |  1211 views  |  0 Source: MTS

MTS - Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a global provider of MVNE, Mobile Money and TEM services, today announced the first deployments of its Mobile Money solution for a customer in Africa.

MTS will provide the solution in a managed service/revenue share model with a minimum value of $460,000 over three year period.

The Mobile Money solution targets the cellular users who do not have bank accounts and extends the MTS's MVNE offering. This solution will also be offered as standalone product to financial service providers (FSPs) and mobile network operators (MNOs).

The solution provides financial services to s end users such as cash deposit, withdrawal, balance query, money transfers, goods purchases, remittances and bill payments, using their mobile phone.

"The launch of the Mobile Money solution opens a new opportunity for MTS in the FSP market and allows our MVNOs to differentiate and grow their business by adding financial services to their offerings." said Eytan Bar, MTS CEO.

The Mobile Money solution supports customer access through different technologies (STK, SMS, USSD, Smart Phones App and Web) and manages the customer lifecycle, agents and merchant accounts. In addition, the MFS solution supports the management of budget accounts that allow the allocation and dedication of funds to purchase certain goods. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit capgemini.comFind out more

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9614 views comments | 10 tweets | 4 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6838 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6052 views 0 | 6 tweets | 8 linkedin
UK and South Korea build 'fintech bridge'UK and South Korea build 'fintech bridge'
5984 views comments | 13 tweets | 14 linkedin
Finextra paper explores blockchain as an enabler of operational resilienceFinextra paper explores blockchain as an e...
5447 views comments | 12 tweets | 9 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job