Oberthur partners with Utiba for secure mobile money transfer

Source: Oberthur

Oberthur Technologies, the world's second largest provider of smart cards solutions announced today a partnership with Utiba, a leading supplier of mobile commerce platforms to create a complementary suite of secured Mobile Money Services and Money Transfer Solutions to mobile operators and financial institutions.

This offer combines Oberthur Technologies' SIM OTA server, SIM browsing gateway and SIM secured gateway together with Utiba's transactional platform in a global solution which can be possibly operated from any of Oberthur Technologies' certified datacenters.

This Mobile Money Solution proposes a suite of secured end-to-end payment and money transfer services helping mobile operators and financial institutions to offer innovative financial services in mobility such as microfinance, domestic and international money transfer, airtime sharing, e-payment or e-banking.

This solution addresses both matures countries, where mobile subscribers are often banked with features phones, and developing ones where banking services and money transfer for under-banked and unbanked can be proposed to large populations through secured applications in the SIM card.

Xavier Drilhon, Managing Director of the Card Systems Division at Oberthur Technologies commented, "With 20 years experience in securing financial transactions and mobile operators traffic, we started a couple of years ago to secure mobile money transactions. With the technology provided by Utiba, who has a proven track record in mobile commerce, we expand further our range of Mobile Money Services for both mobile operators and financial institutions."

Richard Matotek, CEO, Utiba says "Our objective is to enable the subscriber to remit funds to anyone, anywhere knowing only their mobile telephone number. Today, Utiba boasts of an exhaustive knowledge in creation of mobile finance systems. Utiba aims for an ambitious vision of "Empowering everyone to make Mobile Payments" and we see fostering this relationship with an industry expert like Oberthur as a giant leap towards achieving that aim."

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