MPAY

Mobetize Corp.

 
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OTCQB
 

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Mobetize Closes on Additional Mobile Wallet Partnerships

Sep 30, 2015

OTC Disclosure & News Service

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BLAINE, Wash., Sept. 30, 2015 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCQB:MPAY), a technology leader in mobile commerce payments solutions, today announced that it has signed contracts with Assist Wireless and Global Hawk Telecom providing each telecom operator's customers with a convenient and low cost method to utilize alternative financial services (AFS) via their mobile devices.

Assist Wireless and Global Hawk Telecom customers can now fund their accounts with direct deposit paychecks, government checks or any other type of checks. Users can also fund their accounts using PayPal, bank ACH or credit/debit cards. Other mobile enabled services available to the telco's customers include bill payment, prepaid airtime load or gifts globally and transferring money with a prepaid MasterCard or via traditional international money transfers virtually anywhere internationally.

"The Assist Wireless mobile money solution brings a low cost banking solution to customers who really need it most," said Byron Young, CEO for Assist Wireless. "This solution clearly demonstrates Assist Wireless is on the leading edge of providing simple, reliable and flexible solutions to our customers. Using the power of Mobetize's financial services platform, we can offer our customers mobile financial solutions they haven't been able to access previously."

"We are excited about our new partnerships with Assist Wireless and Global Hawk Telecom," said Ajay Hans, CEO of Mobetize. "These contracts represent another vote of confidence in our ability to expand telecom operators' traditional services and provide a technology and financial platform that delivers simple-to-use, secure and reliable mobile financial solutions to their rapidly growing wireless customer base."  

According to the Federal Deposit Insurance Corporation's (FDIC) latest survey of Unbanked and Underbanked Households published in 2013, approximately 33% of the US population is not fully banked. These 80 million adults are predominantly using alternative financial services (AFS) rather than traditional bank services and paid US$69 Billion in fees and interest in 2013 equivalent to $71 per month per adult. Mobetize's financial platform provides users with mobile-enabled financial services allowing them to save time and potentially reduce their monthly banking fees by over 75%.

About Assist Wireless

Assist Wireless is one of the nation's fastest growing providers of no-contract wireless voice, text and data service. The Company is focused on bringing vital wireless technology to an underserved, ever-growing market and providing affordable, flexible data solutions to these individuals and casual Internet users. This Company is based in Fort Worth, TX, and currently operates in Arkansas, Maryland, Missouri, Oklahoma and California with over 140,000 customers. Assist Wireless plans further expansion in Illinois, Louisiana, Mississippi, Pennsylvania and Texas. www.assistwireless.com

About Global Hawk Telecom

Founded in 2004, Global Hawk Telecom is a leading wholesale carrier of international voice traffic. Their robust networks and superior services positioned them to be a major player in the exchange of international telecom minutes. Global Hawk's business operations extend to five continents. http://gbhawk.net/

About Mobetize Corp.

Mobetize Corp. (OTCQB:MPAY) is a technology leader in mobile commerce payment solutions. Mobetize's brandable platform enables telecom operators, employers and other financial providers to simplify the delivery of mobile financial services. Mobetize ensures end-to-end integration for services such as retail/online payments, prepaid air-time top ups for gifts, international remittances and transfers, P2P transfers and Visa/MasterCard programs on mobile devices. Mobetize seamlessly integrates and white labels customers' secure mobile money platform with their delivery partners to help increase their revenues, decrease customer service costs and increase loyalty to existing offerings. For more information, please visit the Company website at http://www.mobetize.com

CONTACT: Stephen Fowler - CFO
         Mobetize Corp.
         (206) 347-4515
         sfowler@mobetize.com
         
         Gus Okwu
         Allison+Partners
         (646) 428 0638
         gus@allisonpr.com

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.