MTS Delivers Mobile Money Solution
RA'ANANA, Israel, February 21, 2013
RA'ANANA, Israel, February 21, 2013 /PRNewswire/ --
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.
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). For more
information please visit the MTS web site: http://www.mtsint.com.
Certain matters discussed in this news release are forward-looking statements
that involve a number of risks and uncertainties including, but not limited
to, risks in product development plans and schedules, rapid technological
change, changes and delays in product approval and introduction, customer
acceptance of new products, the impact of competitive products and pricing,
market acceptance, the lengthy sales cycle, proprietary rights of the Company
and its competitors, risk of operations in Israel, government regulations,
dependence on third parties to manufacture products, general economic
conditions and other risk factors detailed in the Company's filings with the
United States Securities and Exchange Commission.
SOURCE MTS-MER Telemanagement Solutions Ltd
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