Telepin Software Selected by Panama's #1 Operator to Power Movil Cash
OTTAWA, CANADA -- (Marketwired) -- 04/04/14 -- Telepin Software, a
leading provider of mobile money transaction platforms, today
announced that it has been selected by Cable & Wireless Panama (CWP),
the largest mobile operator in Panama, to provide the infrastructure
for Movil Cash. The roadmap for this innovative mobile transaction
platform includes a complete Mobile Financial Services (MFS)
deployment, delivering digital stored value for access to services
for both banked and unbanked subscribers.
The complete Movil Cash system is offered throughout CWP's
storefronts as well as other authorized agents, and is able to
feature electronic airtime top-ups, local money transfer via
peer-to-peer transactions, and will expand to bill payments and local
mobile money transfers. The platform includes a complete registration
system for agents, via mobile application that aids in the
registration process and adhere to KYC regulations.
"Movil Cash is a pivotal service for CWP. CWP continues to take a
leading role in providing key services for our mobile subscribers as
well as transforming our business to serve additional sectors of the
market," said Luis Stanziola of Cable & Wireless Panama.
Telepin's mobile financial software products provide mobile operators
the ability to deliver robust financial services offerings to their
subscriber and merchant customers. Telepin's software plugs
seamlessly into existing mobile infrastructure, leveraging the
investments already made in charging systems, replenishment systems,
and value added service delivery platforms. Traffic on
Telepin-powered networks exceeds 1,500 TPS (transactions per second).
That capacity is delivering over 43 million transactions every day by
all Telepin platforms deployed in its operators.
"Cable and Wireless Panama's deployment rounds out our presence
around the world in over 40 active deployments and will be a premier
success story in Latin America," said Vincent Kadar, President of
Telepin Software. "As mobile operators expand their businesses to
include financial services, mobile subscribers will soon benefit from
the increased security, convenience, and accessibility with using a
mobile wallet as a payment mechanism."
Telepin will be participating at the upcoming Mobile Money & Digital
Payments Africa, taking place May 20-22 in Johannesburg South Africa.
About Telepin Software
Telepin Software is a leading provider of mobile transaction
platforms, delivering mobile operators the most efficient and
cost-effective way to control their distribution and merchant
network, maximize revenues from mobile financial services, and drive
innovative mobile financial applications. Telepin's Cayman
Transaction Platform enables a full suite of electronic,
transaction-based applications for mobile subscribers to recharge
their mobile airtime without the use of physical cards or vouchers,
facilitate P2P money transfers, allow for electronic bill payments,
and more, using multiple channel interfaces. Telepin's customer base
includes tier-one operators in the Middle East, Africa, and the
Americas. For more information, visit: http://telepin.com/.
About Cable & Wireless Panama
Cable & Wireless Panama is a Panamanian company with joined
participation from the Government of the Republic of Panama and a
trust which benefit the company's employees.
It is present in every corner of the country with its services of
public telephony, fixed and mobile telephony for families,
individuals, and corporations. It offers Broadband Internet; Pay TV,
Carriers and Data Hosting and Transfer. It has also innovated with
modern telecommunication applications which improve public medical
services, medical emergencies, education, public safety and public
and private administration.
Cable & Wireless Panama is a subsidiary of Cable & Wireless
For more information visit www.cwpanama.com.
About Cable & Wireless Communications
Cable & Wireless Communications is a full-service communications
business. We operate leading communications businesses offering
mobile, broadband and domestic and international fixed line services
in most of our markets as well as pay TV, data centre and hosting,
carrier and managed service solutions. Our operations are focused on
providing our customers - consumers, businesses, governments - with
world-class service. We are the market leader in most products we
offer and territories we serve. For more information visit
Press spacebar to pause and continue. Press esc to stop.