Seamless now introduces a consumer friendly and easily managed product for fast
roll-out of money transfer services. With the rapid growth of mobile phone
access in the developing markets, it is now possible to offer financial
services to low income, unbanked people. In developed countries, mobile
payments are used as a cashless, convenient and faster form of payment. With
the cash safely in a mobile phone, worry of a wallet being misplaced or stolen
can be reduced in every society of the globe.
The Mollet™ is a mobile wallet offered by Seamless to enable mobile payments.
It has been developed on the established transaction hub ERS 360°. The Mollet
offers a turn key secure solution that addresses the common fear of a Mobile
Operator to enter into such payments by adhering to the financial and telecom
regulations of the country. The tool to move from planning to implementation is
The Mollet™ from Seamless.
Rachita Sachdeva, Product Manager at Seamless:
“People have always been fascinated by mobile payments, they have been
discussing it for more than a decade and with the emphasis by GSM Associati-on,
it is becoming more of a reality now” says Rachita Sachdeva. “We have been
researching different markets, various implementation scenarios, payment
options, regulations and security to enable payments through mobile handsets.
Seamless originally offered the voucher and Top Up solution over its proven
platform ERS 360° and extending it to offer mollet has therefore been an
obvious growth for the product. With our primary focus on developing markets in
Asia and Africa, we see a lot of potential for this solution.” finishes Rachita
Sachdeva.
Joakim Nordblom, Public Relations Manager at Seamless:
“This solution is developed with a consumer perspective, a “mollet” must be as
easy to use as a wallet.” says Joakim Nordblom and continues “With The Mollet™
it is easy to check how much there is in the mollet, easy to put cash into it,
easy to get cash out of it and easy to transfer money to other mobiles. With a
solution as consumer oriented as ours, money transfer may well be the next
killer app for the mobile phone industry.”
Please find thorough information in enclosed PDF.
