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Nokia Siemens Networks and MoreMagic Solutions Partner to Deliver Mobile Commerce and Financial Services

BARCELONA, Spain Feb. 14, 2011

The joint Mobile Payment Solution interconnects consumers, mobile operators, financial institutions, retailers, agents and other members of the mobile commerce and financial services value chain to enable seamless monetary transactions. The approach is particularly attractive for developing markets where fewer people have access to bank and credit cards to transfer money.

Rick Centeno

Pankaj Gulati

Al Madar Libya Libya

Libya

Nokia Siemens Networks

Finland

MoreMagic Solutions

With deployments in more than 60 countries worldwide, MoreMagic Solutions offers transaction platforms for mobile operators, financial institutions, content providers, and distributors, enabling consumers to purchase goods and services on demand using a mobile phone, POS, or web. The MoreMagic Solutions high-throughput mobile commerce and services (MCS) platform and pre-packaged applications in the MagicSuite™ portfolio enable revenue-generating services, including mobile recharge (m:TopUp) and mobile money transfer (m:Wallet), both domestic and international; mobile banking; bill payment; and mobile commerce; with integration into diverse network environments, languages, and currencies. Through MoreMagic Solutions’ worldwide distribution network connected to the MoreMagic Global Financial Services Hub (MagicHub), mobile operator branded services are available for out-of-country customers, enabling communications with relatives back home, and increased usage on mobile networks worldwide.

SOURCE MoreMagic Solutions

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