EastNets Unveils New Mobile Remittance Solution at Sibos
(Thomson Reuters ONE) -
AMSTERDAM, THE NETHERLANDS and DUBAI, UAE--(Marketwire - October 25, 2010) -
Sibos, Stand C-108 -- EastNets, a leading global provider of compliance and
payments solutions and services, announced today it is unveiling its new mobile
remittance solution at Sibos, hosted by SWIFT, at the RAI Conference Centre in
Amsterdam.
EastNets new mobile remittance solution, en.MoRe, enables consumers to simply
use their mobile phone to trigger a money transfer transaction in an easier,
cost-effective and more convenient way compared with traditional remittance
approaches.
"EastNets is delighted to be unveiling our new mobile remittance solution at
Sibos," said Hazem Mulhim, CEO of EastNets. "With en.MoRe, financial
institutions and mobile operators have a new platform to better serve their
existing customers, and tap into this growing mobile remittances market by
acquiring new customers who want to utilize this service."
EastNets has plans to expand the market coverage of en.MoRe starting with a
many-to-many network between mobile network operators in 10 sending countries
and banks in 15 receiving countries in the coming months. The service will be
offered in key markets such as Pakistan, India, the Philippines and the Middle
East. With this service, EastNets will help mobile network operators and banks
to target the estimated 200 million migrant workers around the globe who send
money to friends and families on a regular basis.
en.MoRe is a technology platform and payment scheme to enable banks and mobile
network operators to interoperate globally. It allows mobile network operators
to connect to a single hub that is already linked via SWIFT to more than 8,000
banks worldwide.
EastNets is currently in the process of obtaining certification for the
SWIFTReady Workers' Remittance Label with its en.MoRe solution. EastNets can
also offer electronic wallet services and solutions that comply with anti-money
laundering regulations to simplify implementation.
About EastNets
EastNets is a leading provider of global compliance and payment solutions and
services with over 1,000 customers in 120 countries. EastNets provides
Compliance Solutions including anti-money laundering and anti-fraud; Resilient
SWIFT Solutions for SWIFT FIN/XML reporting, duplicate detection management,
disaster recovery, and outsourced SWIFT connectivity with its SWIFT Service
Bureau; and Mobile Remittances Solutions enabling secure, compliant mobile
remittances. For more information, please visitwww.eastnets.com.
Contact:
Alison Holland
Group Marketing Director
EastNets
P. 508-287-4939
aholland(at)eastnets.com
www.eastnets.com
Valerie Harding
Ripple Effect Communications
P. 617-536-8887
vharding(at)recommunication.com
www.recommunication.com
[HUG#1454726]
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Source: EastNets via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 46105
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