Developing Telecoms | Prepaid electronic top-up now available for Mexican Movilway customers

23 May 2012

Development Agenda

LATEST NEWS:

Lat Am businesses booming as Europe lags behind for international operators 100G technology makes its debut in Central America Free conference calling now available in Israel Internet-free mobile Facebook, email and online chat apps platform launches... Indian telco giant taking steps into Brazil Green power solutions provider spreads into South Asia Cable agreement to bolster international connectivity in Iraq Lat Am giant looks to Netherlands to boost European footprint CSP unifying mediation systems across four Central American countries Thai operator secures wireless distribution agreement Financial services project reaching out to millions of Africans Fibre investment on the way in Algeria Android tablets gaining popularity in Southeast Asia Bharti seeking JV takeover as profits slide How an Alternative Approach to SIM Card Provisioning Helps Operators Cure t... Solar-powered learning initiative takes off in Uganda GSMA voices criticism of Indian licensing proposals Enhanced mobile broadband deploying across three Baltic countries Market developments lay the foundation for future growth in Iraq India Feels More Shockwaves from the So-called ‘2G Scandal' Overpriced broadband faces fibre challenge in Angola First commercial 4G services go live in Croatia VimpelCom sells Vietnamese assets TRAI advocates new operators entering 2G auctions Romania’s first MVNE launching imminently Indian tax change could provoke legal action from Vodafone Mobile growth slows in Iran as penetration reaches saturation point Thailand close to finalising 3G auction process Internet Exchange Points Spur Internet Growth in Emerging Markets Incoming fibre boosts investment prospects for Burundi 3G on the way in Djibouti, but competition is required Fibre, not privatisation, could be the answer for Africa’s fixed-line opera... Saudi incumbent looks abroad amidst heated domestic competition

Prepaid electronic top-up now available for Mexican Movilway customers

Wednesday, 16 February 2011 01:00 | James Barton

Attention: open in a new window.

One of Latin America’s leading electronic top-up service platforms, Movilway, is now expanding into Mexico to offer electronic top-up for prepaid users.

Users can top-up their mobile phones as well as others, regardless of distance and borders, in a safe and accessible way. Accounts with the main operators in the country can be topped up through a mobile phone, point of sale device (POS) or through Movilway’s online top-up interface.

Movilway has been operational since the beginning of 2010 in Argentina, Colombia, Peru, Panama and Ecuador. The firm is aiming to establish over 8,000 points of sale across Mexico by the end of this year, and by 2012 users will be able to top up in over 30,000 locations.

Providers of the top-up service will benefit from a new business model, setting themselves apart from their competition and increasing their income significantly. Customers will be able to access the full range of Movilway’s electronic wallet services, including cash withdrawals, retail payments, utility bill payments, deposits and transfers, among others.

The project is facilitated by a robust open platform which allows for easy integration, and has been tested across several continents.

According to recent data from analyst Wireless Intelligence, about 90% of mobile phone users in Mexico have prepaid plans, and that number is constantly growing. With more than 73% of mobile customers worldwide using prepaid services, Movilway is looking to capitalise on this potential and actively expand its top-up solutions and electronic wallet to other countries in the region, including Chile and Argentina.

“The launch of Movilway’s top-up in Mexico is the first implementation in the country of the necessary technology to provide mobile financial services to the “unbanked” population that does have a mobile phone” says Dan Cohen, President of Movilway. “The electronic wallet by Movilway will allow, for example, for a top-up Movilway client, from Querétaro in Chiapas or San Cristobal in Puebla, to pay their taxes or water and electricity bills, send money to a family member or friend, or even receive social benefits without leaving their job or home, with only a mobile phone.”

Add this page to your favorite Social Bookmarking websites