MIAMI, FL--(Marketwire - February 17, 2010) - Utiba Pte. Ltd., a leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, is pleased to announce that the Company has entered into a joint-venture with Alternet Systems, Inc., a leader in hosted application services in the Americas. The joint-venture, Utiba Americas, will deploy a Software as a Service (SaaS) platform in the Americas and the Caribbean region focused on mCommerce and mobile financial services.
In the joint-venture, Utiba contributes its proprietary software, operational and commercial expertise, and experience in managing successful and speedy implementations of mobile financial and payment services while Alternet provides local management, technical and marketing resources, regional presence in over 16 countries, and extensive experience providing hosted applications.
Utiba Americas has a Miami-based management, sales and consulting team to facilitate rapid deployment of services throughout the Americas and Caribbean region, and offers the same quality of support, both technical and business, that has made Utiba a global leader in mobile transactions.
Alternet CEO Henryk Dabrowski expressed enthusiasm for the partnership, stating, "Alternet is thrilled to partner with Utiba in the Americas. With the Utiba platform supporting approximately 60% of global mobile payments, and over 320 million subscribers, Utiba is clearly a proven leader in this exciting new field. Together, as Utiba Americas, we will offer a suite of mCommerce and mobile financial services in the region, on a hosted application platform. We are excited about the many services that the Utiba Americas platform will enable, from mobile banking and bill payment, to mobile wallets and microloan repayment, to name only a few of the many possibilities."
Commenting on this development, Justin Ho, CEO of Utiba, stated, "Collaboration with Alternet opens a new wave of impressive possibilities for both companies. The agreement with Alternet is an important step towards strengthening our presence in Americas and Caribbean region. We chose Alternet for its excellent presence in this region, product portfolio and expertise that complement our vision of empowering everyone to make mobile payments."
About Utiba Pte. Ltd.
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. For details, please visit www.utiba.com.
About Alternet Systems, Inc. (www.alternetsystems.com)
Alternet Systems, Inc. (
Contact Information:
Media Contact at Utiba:
Ritesh Andley
Director-Product Marketing
ritesh.andley@utiba.com
Madhvi Sethi
PR & Media Relations
Madhvi.sethi@utiba.com
Media Contact at Alternet:
Erin Clancy
VP Marketing
eclancy@alternetsystems.com