Mobilis unveils unique biometric and NFC solutions for mobile wallets

Two world firsts for mobile wallets

Mobilis Networks Limited, a mobile wallet and billing solution provider for mobile operators, is launching finger print verification for international money transfers to mobile wallets, and NFC mobile payments that support any mobile phone (view press release). The company claims that the two solutions are both world firsts for mobile wallets.

The biometric verification solution for international payments functions as follows: a customer goes to a Mobilis affiliated retail outlet to transfer funds abroad; the retailer takes the customer’s fingerprint using a supplied POS payment device with biometric reader and Mobilis software; the fingerprint is verified and the retailer then enters the receiving country, currency, quantity and recipient mobile number; the device communicates with the Mobilis central server and international remittance partners and reports back with the best forex rate; the customer pays with cash to confirm the transaction and the funds are immediately transferred to the recipient’s mobile wallet.

Annually hundreds of billions of dollars are sent home by family members living and working abroad. Last year over USD20 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,” said Mobilis CEO Chris Jones.

Mobilis’ mobile wallet services for NFC are deployed by mobile operators and support any mobile phone. To initiate the service, the operator simply affixes an NFC chip to the mobile device and registers the subscriber. The service does not require the user to own a smartphone or even a bank account or credit card. The solution is currently being rolled out across Asia-Pacific, the Middle East and Africa.

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,” continued Jones.

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