Utiba Americas, Globalcash to offer mCommerce to unbanked Ecuadorians

Microfinance Focus, May 27, 2010: Utiba Americas, a subsidiary of Alternet Systems Inc, has entered into an agreement to provide mobile commerce platform services to Globalcash S.A. in Ecuador. Utiba Americas is deploying a SaaS (Software as a Service) platform in the Americas and the Caribbean region, with a focus on m-Commerce and mobile financial services including mobile remittances, micro finance and mobile banking. Globalcash, an Ecuadorian Company founded in 2010 with the principal objective of providing mobile money services to the unbanked population of Ecuador.

Utiba Americas provides its customers access to the most robust and flexible mobile commerce platform, without incurring the upfront costs of acquiring licenses and hardware, and the ongoing expense of personnel to administer and monitor the platform. The Utiba platform has been deployed globally for ten years and currently supports 365 million subscribers and approximately 30% of the worlds’ global mobile commerce traffic. In offering the Utiba platform as a hosted service, Utiba Americas is breaking the barriers to mobile commerce.

Justin Ho, Co-CEO of Utiba Pte Ltd, also commented, saying, “This first agreement represents an important first step for our affiliate, Utiba Americas. With Globalcash, we will revolutionize the mCommerce services in Ecuador, a country with tremendous potential. Utiba looks forward to contributing its more than ten years experience and success in deploying mobile commerce services in developing markets, to the development of the Ecuadorian mCommerce market, with Globalcash.”

Utiba was founded in 2001 with the objective of creating scalable electronic top-up and versatile mobile commerce ecosystems, where users should be able to remit amounts to anyone anywhere in the world, knowing only their mobile phone number. Utiba products are focused around providing mobile transaction and payment solutions to banks, mobile operators, micro finance institutions, and payment service providers. Utiba’s products are successfully deployed across 4 different continents and 200 million subscribers.

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