Press Release (ePRNews.com) - GENEVA, Switzerland & Hong Kong - Oct 15, 2016 - Smartlink, a Geneva-based enterprise specializing in Mobile and Wearable Payments solutions, and MobiCash, a global organization headquartered in Hong Kong and offering leading-edge mobile financial services, today announced a new strategic partnership. The partnership will combine Smartlink’s technological experience in the provision of white label solutions to a market made up of a varied mix of users with MobiCash’s high-level m-banking, m-payments and multi-banking technology. Smartlink is under Swiss Banking Supervision and Licensed as a mobile money institution.
Together, Smartlink and MobiCash are co-innovating around a highly secure and convenient mobile services platform aimed at serving and improving overall user experience for B2B and B2C clients in Switzerland. The first co-innovation area will be the development of protocol specifications and algorithms that will enable interoperability between MobiCash’s mobile Financial Services Platform and Smartlink’s Mobile Transaction Platform. The resulting mobile services platform will provide a powerful set of tools for efficient, effective, secure, and accessible mobile banking (m-banking), mobile payment (m-payments) and mobile commerce (m-commerce) solutions.
The varied mobile agnostic transactional platform will also provide the user with access for physical, virtual, remote and proximity mobile transactions which will include, but are not limited to, NIUSSD, biometrics, NFC and QR/Bar Code access and authentication mechanisms. Bells and whistles features for the much hip demographics such as “pay by selfie” will also be introduced with this offering.
Furthermore, the technology to be deployed will allow for card issuance (issuer), card acceptance (acquirer) and money transfers as well as a plethora of Value Added Services (VAS) such as bill payments, e-government services, e-ticketing, remittances and a wide range of affordable mobile financial services.
On the B2B side, the ISO compliant platform will also be optimised for seamless integration with any local service provider in need of product diversity and looking to maximize productivity by tapping into the mobile and digital space by taking advantage of the available technology. Therefore, bespoke white label solutions will be developed for possible integration with entities such as commercial banks (agents banking), MicroFinance Institutions, insurance companies, mass public transportation companies, Logistics companies, gaming and betting companies, Schools and Universities, etc.
Sébastien Piolat, Smartlink Head of Business Development, commented, “We are truly excited about this ground-breaking partnership with an industry leader such as MobiCash. Their fresh approach to mobile technology ultimately positions us well to revolutionize the mobile services space in Switzerland. What is particularly important to note is that the technology we are introducing through this partnership is not only disruptive but is also anchored on high level security frameworks and IT policies and procedures all tailored to meet the expectation of our valued stakeholders.”
MobiCash, which already enjoys good business relationships with a number of the world’s leading financial institutions, and has seen the introduction of what many partners have come to consider as one of the best and most stable mobile platforms on the market, especially in Africa, have for a long time considered entering the European market.
“We have always wanted to enter Europe but it was critical for us to wait for the right partner and also to do so at the right time. The mobile technology market is highly regulated and a very sensitive one which places a huge emphasis on risk considerations and calls for flawless execution especially in a dynamic market such as Europe where Mobile payment is now going mainstream. For us to have partnered with Smartlink was the best decision because they are exactly the type of organization we need as we share the same vision and can jointly define new opportunities,” said Patrick Gordon Ngabonziza, Founder and Chairman of MobiCash.
This announcement also comes at a time when MobiCash recently announced their New Group CEO, Mrs. Ann J. Camarillo. The USA-based Camarillo, who boasts over 20 years’ experience in financial services, IT and Telecommunications, and has served as global CEO of Maestro and Cirrus and as Master Card’s Chief Debit Officer, will be expected to immensely contribute toward the successful delivery of this strategic partnership.
Smartlink and MobiCash have begun to set up internal structures that will allow for close co-operation and support for continued co-innovation between their leadership teams.
Based in Switzerland, Smartlink offers banks and card issuers the most advanced, customizable, mobile and wearable payment platform on today’s market. Smartlink operates a Mobile Transaction Platform (MTP) and its operations are PCI-DSS & AML compliant. By relying on Smartlink, our partners have access to all the necessary payment industry services. Our partnerships with industry leaders guarantee the best quality for your solution. For more information, please visit www.smartlink.ch.
Headquartered in Hong Kong, MobiCash is a fast growing fintech company in the business of mobile financial services and provides mobile banking and payments solutions working with telcos, banks and transaction processors across international borders.
MobiCash leverages its payment platform to provide financial institutions with a complete mobile banking and payments solution that supports consumers on all three mobile access modes, offers online and offline enrolment capabilities and integrates with core banking, online banking and electronic payments systems. For more information, please visit www.mobicashonline.com.
Sébastien Piolat, Smartlink, Head of Business Development, firstname.lastname@example.org
Donald Mudenge, MobiCash, Chief Operating Officer, email@example.com