Florida-based e-financial services utility TODO1 has selected application vendor Network365's SMS platform mzone agora to deliver mobile banking services to financial institutions in Latin America.
TODO1 currently provides services for Colombian banks Bancolombia and Conavi, Venezuela-based Banco Mercantil and Banco del Pichincha in Ecuador.
The firm's m-banking solution runs on Network365's messaging service and delivery platform, mzone agora, which enables mobile operators, banks and other firms to build, launch and manage applications over SMS, MMS, e-mail and Wap Push.
The system will provide subscribers with banking services over mobile handsets, including fund transfers between accounts, payments to third parties, balance inquiries, daily account notifications, security alerts and cheque book requests.
Raomal Perera, CEO of Network365, says TODO1's mobile banking initiative will add considerable value to member banks while creating market differentiation in their countries of operation.
Mzone agora was jointly developed by Network365 and Sri Lankan software developer hSenid. Sri Lanka's Celltel Lanka is also implementing the m-banking application.