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
period.
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.
About MTS
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:
http://www.mtsint.com.
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