Monday, 24 July 2017

Mobito picks Oberthur for mobile payment service

Oberthur Technologies and MoreMagic Solutions
Friday 19 October 12

Oberthur Technologies, one of the world’s largest providers of security and identification solutions and services based on smart card technologies, in collaboration with its newly acquired mobile payments subsidiary MoreMagic Solutions in Waltham, MA, today announced its selection as the exclusive technology partner of Mobito, a ground-breaking mobile payment service in the Czech Republic that represents the first of its kind globally…

Oberthur Technologies, one of the world’s largest providers of security and identification solutions and services based on smart card technologies, in collaboration with its newly acquired mobile payments subsidiary MoreMagic Solutions in Waltham, MA, today announced its selection as the exclusive technology partner of Mobito, a ground-breaking mobile payment service in the Czech Republic that represents the first of its kind globally. Launched in September by Mopet CZ, a consortium of three of the largest brands in the mobile space – T-Mobile, Telefónica and Vodafone – and four major banks – Ceská sporitelna, GE Money Bank, Raiffeisenbank and UniCredit Bank, MOBITO is now available to all mobile users across the Czech Republic regardless of who they bank with.

Mobito provides people throughout the Czech Republic with a convenient and secure way to make payments from their existing mobile devices, whether they are using feature phones or smartphones. Mobito customers can access a wide range of services like transportation, ticketing, online purchases and in-store purchases at cafés, bistros, supermarkets, etc. Payments can be made using the Mobito service, directly from the bank account or through the stored value account (mobile wallet) or even using credit or debit cards. Customers can also use Mobito to top up their mobile phone credit and send money to each other.

Oberthur Technologies is leveraging the MoreMagic Mobile Money platform and its rich suite of mobile and smartphone applications to deliver a full set of mobile financial services to power Mobito, paving the way to the adoption of remote payments, as well as NFC and non-NFC proximity payments, across the Czech Republic. The service is fully compliant with EU e-money standards and the Czech Banking laws.

Tomáš Salomon, co-founder and chairman, Mopet CZ commented: “Oberthur Technologies and MoreMagic Solutions have made it possible for us to successfully launch Mobito in less than twelve months which is a great achievement, especially given the need to fully integrate with seven such large entities, as well as retailers. The service is enabling people across the Czech Republic to experience mobile money in an easy-to-use and intuitive way today, without the need to upgrade their mobile phones, change-out their SIM cards or change their bank accounts.”

“Mobito is a truly unique service and we are excited to be the strategic partner enabling the creation of this universal mobile payment ecosystem in the Czech Republic. This service will continue to evolve and adapt as the market for mobile payments expands to include NFC payments capabilities,” said Eric Duforest, Managing Director Europe at Oberthur Technologies.

Pankaj Gulati, CEO of MoreMagic Solutions, commented: “At MoreMagic, we are committed to developing open mobile commerce and financial services solutions that offer users around the world flexibility of choice, convenience and ease of use to complement today’s fast-paced lifestyles by eliminating the barriers to entry for merchants into the world of mobile payments and enable banks and operators to inter-operate in a trusted manner to deliver real-time services to their customers.”


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