Mobilis Enable Biometric and NFC World Firsts for Mobile Wallets

The entire transaction, from identity verification to confirmation of transfer, takes less than 30 seconds with funds arriving in the receiving country mobile wallet 3-5 seconds later.

The entire transaction, from identity verification to confirmation of transfer, takes less than 30 seconds with funds arriving in the receiving country mobile wallet 3-5 seconds later.

Chris Jones, CEO of Mobilis, said, "Annually hundreds of billions of dollars are sent home by family living and working abroad. Last year over US$20 billion was sent from the USA to Mexico alone. Communities in emerging markets are reliant on these incoming funds. The level of convenience and security provided by our point-of-sale solution for international remittances will have a big impact on the money transfer market."

With the international funds landing instantly in the receiver's mobile wallet, the mobile subscriber can then use their existing phone to pay for goods and services, pay bills, and top-up airtime using "tap-n-pay" NFC (Near Field Communication) at the point-of-sale.

Mobilis' mobile wallet services for NFC are deployed by mobile operators and support any mobile phone. For the mobile subscriber to use the NFC service, the mobile operator simply affixes a NFC chip to their mobile phone and registers the subscriber free of charge. If the mobile subscriber has a new NFC smart phone, they can be registered with that too.

Widespread use of mobile phones for retail payments was considered to be a few years away, however with Mobilis' mobile wallet services for NFC, all of a mobile operators' subscribers can make these mobile payments today. The service is not limited to only those who can afford an expensive smart phone with a special chip inside. The mobile subscriber does not even need to have a bank account or credit card.

Jones added, "Our mobile wallet solution is meeting the needs of emerging markets now. It is being used for point-of-sale payment of groceries, airtime and power bills, through to wages and government disbursements."

Mobilis' mobile wallet solutions are currently being rolled out across Asia-Pacific, the Middle East and Africa.

About Mobilis Networks Limited (www.mobilis.com)

Mobilis is an international software applications company providing converged mobile wallet, real-time billing, messaging and multimedia switching solutions to mobile operators.

For further information please contact:

Emma Jackson
JML Communications
Mobile +64-21-985-655

Ian Allan
Mobilis Networks Limited
[email protected]