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TMCNet:  MTS Rolls Out Mobile Money Solution

[February 26, 2013]

MTS Rolls Out Mobile Money Solution

Feb 26, 2013 (Close-Up Media via COMTEX) -- Mer Telemanagement Solutions, a global provider of MVNE, Mobile Money and TEM services, 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.



According to a release, 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.

MTS is a worldwide provider of Telecom Expense Management (TEM), MVNE and Mobile Money services and solutions.

Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States, Hong Kong and distribution channels. MTS shares are traded on the NASDAQ Capital Market (symbol MTSL).

More information: http://www.mtsint.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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