Business Services Industry
SOUTH AFRICA: S. AFRICAN AND FINNISH COMPANIES TO ALLOW PAYMENTS VIA CELL PHONES.(Mosaic Software, Sonera SmartTrust)(Brief Article)
IPR Strategic Business Information Database, July, 2002
South Africa's Mosaic Software has entered a partnership with Finland-based Sonera SmartTrust to allow mobile operators and banks to enable mobile payments via cellphones. Mosaic, an electronic funds transfer processing software company, says more than 100 million people worldwide now have cell phones and as competition for the same market share continues to grow, cellular companies are looking to value-added services to retain their customers and grow market share.
Mosaic's Postilion and SmartTrust's Delivery Platform products have been integrated to make it possible for mobile operators and financial services providers to accept authenticated payments from a mobile handset. The solution employs SMS or general packet radio service (GPRS) messaging to...
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