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  • MER Telemanagement Solutions Ltd. (MTSL) Reports First Deployment Of Mobile Money Solution For An African Customer 0 comments
    Feb 21, 2013 2:22 PM | about stocks: MTSL

    Israeli-based MER Telemanagement Solutions is a worldwide provider of Telecom Expense Management (TEM), MVNE, and Mobile Money services and solutions. The company markets its services through wholly-owned subsidiaries in the United States, Hong Kong, and various distribution channels.

    The company announced today the first deployments of its Mobile Money solution for a customer in Africa. Mobile Money targets cellular users who do not have bank accounts, extending the company's MVNE offering. It provides end users with a wide range of financial services including cash deposits and withdrawals, money transfers, and bill payments. MTS will provide the solution in a managed service/revenue share model with a minimum value of $460,000 over a three-year period.

    The Mobile Money solution will also be offered as a standalone product to financial service providers and mobile network operators. It supports customer access through different technologies (STK, SMS, USSD, smartphone apps, and the web) and manages the customer lifecycle, agents, and merchant accounts. It also supports the management of budget accounts that allow the allocation and dedication of funds to purchase specific goods.

    The CEO of MTS, Eytan Bar, related that the launch of Mobile Money services will open a new opportunity for the company in the financial service provider market. Not to mention that the offering will help its mobile network operators expand the range of services in their offerings.

    For further information about MER Telemanagement Solutions, its Mobile Money solution, and other services it provides, visit www.mtsint.com

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    Stocks: MTSL
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