Utiba, leading provider of mobile financial services solutions,expands presence in the americas

06/01/12 — After three years ofsuccessfully marketing Utiba Mobility mobile financial servicessolutions in the Americas, Utiba has decided to expand its presencein the market and bring development resources closer to its fastgrowing customer base in Latin America. Launched in early 2010, Utiba Americas is Utiba’s affiliate for theAmericas region and the result of a joint venture with Miami based,publicly traded Alternet Systems (OTCQB: ALYI). Utiba Americasoffers the leading Utiba end to end mobile financial servicesolution as a hosted service and as a traditional software license.Since its launch, the company has implemented mobile financialservice solutions in Bolivia, Colombia, Ecuador and Guatemala, withfurther implementations under way in Venezuela, Honduras andMexico. Utiba Americas and Utiba expect to be present in 14countries in the Americas including the United States and Canada bythe end of 2013, serving a potential market of over 600 millionmobile and internet users and a population of over 900 millionpeople. Given the number of regional mobile payment projects the company isdeploying, and the overall growth of the industry in the region,Utiba decided it made sense to locate more resources close to thisgrowing customer base. l-Banner Stand

After a careful analysis of cost and qualityof the available technical talent, including software developers,Utiba executives decided to locate a development center in theregion, complementing its other global development centers inIndia, Vietnam and Australia. The South Florida staff is inaddition to the sales, marketing, implementation and technicalsupport personnel already in place in Miami. Continued core technology development and third party integrationare also required to fulfill the objectives of the company’srecently announced Converging Payments initiative — which callsfor the development and deployment of more sophisticated mobilefinancial services in partnership with companies like MasterCardand Validsoft. Utiba Co-CEO Richard Matotek commented enthusiastically on thedevelopment, saying, “In three short years the Americas have becomeUtiba’s fastest growing region worldwide, complementing thecompany’s large installed base in Asia-Pacific and India, andgrowing presence in Africa. The local development center willensure that our customers’ needs are met in a timely manner andalso advance Utiba’s Converging Payments solutions, which willbring sophisticated financial services and global acceptance to theunbanked populations of the Americas. China Banner Stands Retractable

It is very exciting andfulfilling time in the company’s history.” About Utiba Utiba has spent more than a decade developing the leading mobilefinancial services solutions in the market, in pursuit of itsvision of enabling everyone to make mobile payments . In use in more than 30 countries, the Utiba Mobility platformsupports 500 million subscribers and processes over 12 billiontransactions per year, enabling people to send money, pay bills,receive salaries and more, all from their mobile phone. Privatelyheld Utiba is headquartered in Singapore, with seven regionalsales, service and development offices worldwide. For moreinformation, visit or follow us on Twitter https://twitter.com/#!/Utibamobility. X-Banner Display Stand

Add to Digg Bookmark with del.icio.us Add to Newsvine For more information on Utiba contact: Erin Clancy Email Contact +1 305 747 1339 Copyright @ Marketwire.


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