Stockholm, 2010-12-17 09:15 CET (GLOBE NEWSWIRE) -- "The number of transactions performed in our systems has grown exponentially the last years as a result of the interest in these mass markets to perform many transactions in low denominations" says Rohit Bhatia, Seamless' CEO.
"I'm proud to say this growth hasn't come unexpected, it was foreseen and our new generation ERS 360° has the architecture and technology features to run high throughputs with the extreme stability and security necessary for these business critical systems. The trend in Mobile Money, prepaid Top Up and VAS (Value Added Services) is that this growth will continue, transactions through the mobile phones are ever increasing. For a good reason, the benefit for subscribers is immense." Rohit Bhatia finishes "The confidence shown by our customers as we enter co-operations is further cemented as we together grow and look at opportunities to enhance features and performance."
The value of the transactions varies substantially between Europe ($8-14), Africa ($1.5-2), and Asia and Middle East ($4–7). The transactions are not just switched through the ERS 360°. They are processed, meticulously recorded and logged for traceability and with comprehensive reporting to adhere to the strictest disciplines and integrity of a financial system.
About Seamless:
Seamless is a software innovation company specialized in solutions for Mobile Money, prepaid e-Top Up and Value Added Services. Seamless has deployed e-Top Up and M-commerce solutions for more than 40 mobile operators in 23 countries, across three continents. Seamless was founded in 2001 and the share is traded at NASDAQ OMX First North. The company headquarter is in Stockholm, Sweden, with offices in Mumbai and Kolkata, India.
www.seamless.se
Certified Advisor: Evli Bank Plc Stockholm, +468 407 8000
For more information, please contact:
Deepali Velayuthan, Head - Marketing at Seamless
Mobile +9196 1906 0733
E-mail deepali.velayuthan@seamless.se
