wisepay

WISeKey’s WISePay™: the mobile payment system for unbanked and underbanked populations fulfils Global Clinton Initiative (CGI) Commitment Geneva, 23 September, 2010: WISeKey and eight CGI members, including the GSMA Development Fund, a grant from The Bill and Melinda Gates Foundation, Western Union, MPower Ventures and Women's World Banking, committed in 2008 to bring Mobile Banking to millions of people. As a result, WISeKey is offering a platform to enable anyone with a mobile phone to carry out transactions, even if they don't have a bank account.

"It is estimated that only 1 billion users out of the world's nearly five billion mobile devices have bank accounts, but "there is a need for sending money to peers," said Carlos Moreira, CEO of WISeKey. In addition to the "unbanked", there are the "underbanked"—those who have inaccessible bank accounts, as branches and ATMs are rare in many emerging economies.

WISePay, based on WISeKey technology, allows financial institutions, mobile operators, e-commerce and catalog retailers to provide customers with universally trusted services through the most common and secure channels.

WISePay can either be deployed quickly by organizations through software-as-a-service & launched to smaller communities cost-effectively, then scaled, or the full platform can be installed on customer premises.

Interested institutions that wish to deploy WISePay can contact WISekey at info@wisekey.com.

WISePay works in combination with WISeID, which provides a Digital ID on your iPhone and iTouch, downloadable from: http://itunes.apple.com/app/wiseid/id384040842?mt=8

Register now for the next release of WISeID, and also receive WISePay Virtual Money: access person-to-person money transfer, bank account transfer, loan reimbursement, bill payment, mobile credit top-up, and media purchases, among other features. Available for iPhone, Blackberry, Samsung, Ericsson, Nokia and any J2ME capable phone.

More information:http://www.wisekey.com/en/Products/portfolio/WISeKeyPay/Pages/default.aspx

or contact:Olivia Wardoward@wisekey.com+41 (0)22 594 3000