MFE ANNOUNCES A PARTNERSHIP WITH TECHNOLOGY VENDOR

 

Tbilisi, 24 October 2011 – JSC Mobile Finance Eurasia (“MFE”), a mobile finance operator, announces its decision to select Utiba as a provider of the mobile finance platform for MFE’s service in Georgia.


“This decision completes a year-long careful selection among world’s leading mobile finance technology vendors. We are pleased to announce this partnership which provides MFE with a solid basis for delivering the state-of-the-art mobile finance service to Georgia’s both banked and unbanked population” said MFE Chairman Nikoloz Loladze.


Utiba’s m-Commerce platform will power MFE’s versatile mobile wallet, operational on all mobile networks and practically any mobile handset. With regulatory approval and world-class technology , we are determined to deliver to our customers a unique experience of being financially connected ”. MFE's service will allow customers to use their mobile phones to perform domestic and cross-border remittances, bill payment, air-time top-up, merchant payment and the wide range of other innovative services.

 

About MFE

JSC Mobile Finance Eurasia (“MFE”), a mobile finance operator, aims to be a leader in providing mobile finance services in Georgia and throughout the region. MFE works as a Trusted Service Manager bringing together MNOs and financial institutions. In Georgia, MFE has established strong linkages with banks, mobile network operators and payment aggregators. The International Fund for Agricultural Development through Crystal Fund is supporting MFE’s project in Georgia with specific focus on rural economy and facilitating access to cross-border remittances. For more information, visit www.mobilefinanceeurasia.com   

 

About Utiba

Since its incorporation in 2001, Utiba has focused exclusively on the development of the most scalable, flexible and modular, mobile financial transaction platform in the market, Utiba Mobility. The Utiba Platform enables mobile phone based transactions including electronic airtime distribution, retail mobile banking, domestic & international remittance, government benefit distribution, and utility payments, among others. Utiba’s clients include Mobile Network Operators (MNOs), Banks, and Payment Service Providers (PSPs) which have created highly successful solutions tailored to the microfinance and rural banking industries. The Utiba platform has been successfully deployed for over 40 customers in more than 30 countries. The platform currently supports more than 400 million subscribers, approximately 12 billion transactions per year, which represents 30% of the global, mobile commerce data traffic. For more information, visit www.utiba.com

 

Contacts:

Natia Aivazashvili, Communications

Landline: + 995 322 970 128

Mobile: +995 577 901 599

na@mfeurasia.com