MTS Delivers Mobile Money Solution
RA’ANANA, Israel, February 21, 2013 /PRNewswire/ –
MTS – Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a global
provider of MVNE, Mobile Money and TEM services, today announced the first deployments of
its Mobile Money solution for a customer in Africa. MTS will provide the solution in a
managed service/revenue share model with a minimum value of $460,000 over three year
The Mobile Money solution targets the cellular users who do not have bank accounts and
extends the MTS’s MVNE offering. This solution will also be offered as standalone product
to financial service providers (FSPs) and mobile network operators (MNOs).
The solution provides financial services to s end users such as cash deposit,
withdrawal, balance query, money transfers, goods purchases, remittances and bill
payments, using their mobile phone.
“The launch of the Mobile Money solution opens a new opportunity for MTS in the FSP
market and allows our MVNOs to differentiate and grow their business by adding financial
services to their offerings.” said Eytan Bar, MTS CEO.
The Mobile Money solution supports customer access through different technologies
(STK, SMS, USSD, Smart Phones App and Web) and manages the customer lifecycle, agents and
merchant accounts. In addition, the MFS solution supports the management of budget
accounts that allow the allocation and dedication of funds to purchase certain goods.
MTS is a worldwide provider of Telecom Expense Management (TEM), MVNE and Mobile Money
services and solutions.
Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries
in the United States, Hong Kong and distribution channels. MTS shares are traded on the
NASDAQ Capital Market (symbol MTSL). For more information please visit the MTS web site:
Certain matters discussed in this news release are forward-looking statements that
involve a number of risks and uncertainties including, but not limited to, risks in
product development plans and schedules, rapid technological change, changes and delays in
product approval and introduction, customer acceptance of new products, the impact of
competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary
rights of the Company and its competitors, risk of operations in Israel, government
regulations, dependence on third parties to manufacture products, general economic
conditions and other risk factors detailed in the Company’s filings with the United States
Securities and Exchange Commission.
Company Contact: Alon Mualem CFO Tel: +972-9-7777-540 Email: Alon.Mualem@mtsint.com
SOURCE MTS-MER Telemanagement Solutions Ltd