Unified Signal, a telecommunications and mobile payments software company, has been given the go ahead to release its mobile wallet platform in Serbia.
Unified Signal’s mobile wallet platform has been in development for the last 7 years and was released in the US 2 years ago. Once deployed, the company says, the technology will allow Serbian expats in the US to move money to people living in Serbia and vice versa, as well as allowing Serbians to freely pay for goods and services using their mobile phone.
The company is working with Serbian partners Pay2u and Telcom Serbia, and has some lofty goals for the payments infrastructure of the country – and the rest of Europe.
“Within the next year, we will bring Serbia into the technological forefront in relation to mobile payments,” said Unified Signal CEO Paris Holt. “We will be enabling every major retailer and utility company in the country to accept payments with this technology.”
“The international expansion of our mobile wallet into Serbia is just the beginning,” he added. “We already have green lights to expand into surrounding countries such as Croatia, Bosnia and Herzegovina, Montenegro, Kosovo, Macedonia, and many additional countries in Eastern and Western Europe.”
Signal also supports US based MVNOs (Mobile Virtual Network Operator). MVNOs account for about 25 per cent of US wireless subscribers and use the wireless carrier’s network spectrum to offer private label wireless services to its end customers. Unified Signal’s MVNO enablement suite and mobile wallet suite provides a completely turnkey back office solution for its clients, the company says, including billing and rating, customer service, revenue assurance, payment processing, and fulfillment services.
The system can also link into other payment systems to create a clearing house of sorts with other technologies, “so customers can have one system that can interconnect with the 100s of mobile wallet technologies that are popping up around the world,” Holt said.
Unified Signal and Pay2u were permitted to release the mobile wallet by the Serbian central bank.
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