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TMCNet:  MTS deploys Mobile Money solution for Africa customer

[February 22, 2013]

MTS deploys Mobile Money solution for Africa customer

Feb 22, 2013 (TELECOMWORLDWIRE via COMTEX) -- Mer Telemanagement Solutions Ltd. (NASDAQ: MTSL) has 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 USD460,000 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 end users such as cash deposit, withdrawal, balance query, money transfers, goods purchases, remittances and bill payments, using their mobile phone.

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.

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