VeriFone Mobile Money Appoints Regional Sales Director for Asia

PR Newswire

SINGAPORE, Oct. 4, 2013 /PRNewswire/ -- VeriFone Mobile Money Limited is pleased to announce the appointment of Colin Song as Regional Sales Director Asia.

VeriFone Mobile Money is a joint venture between VeriFone Inc. and Mobilis Networks Limited to drive the adoption of mobile money and wallet solutions globally. The company has a range of solutions for various segments of the market including banking and finance, mobile operators and transport companies. Its solutions leverage operators existing investments in wallet and payment technologies and integrate these with the retail point of sale where 70% of the world's population transact on a daily basis.

"VeriFone Mobile Money has a unique role to play in the Asia region where operators are adopting new payment technologies rapidly," said Chris Jones, CEO of VeriFone Mobile Money. "Song's role will allow us to expand operations and take advantage of his deep experience working with large operators throughout the region to implement mobile payment technologies. We're excited to have him on the team to help guide service providers to maximize the investments that they are making in this new technology."

VeriFone Mobile Money specializes in solutions to drive the adoption of contactless payments, banking and payments globally. The company has pioneered technology for International Remittance using biometric finger printing, developed software to enable mobile payments and banking at the point of sale and led the development of a number of tap on and tap off solutions for transport and card company operators globally.

"We have a unique product," added Jones. "Through our relationship with VeriFone Inc., the global leader in point of sale terminal technologies, we are enabling service providers globally to replicate their offerings to the place where their customers transact on a daily basis, the point of sale terminal."

Song will drive in-direct sales with Mobile Commerce, Mobile Wallet and payment service providers in the region while also driving our direct sales through existing and new service provider customers.

About VeriFone Mobile Money Limited (http://www.verifonemobilemoney.com)

VeriFone Mobile Money is a joint venture between VeriFone Inc. and Mobilis Networks Limited to provide complete mobile money solutions designed to meet the needs of mobile operators for telco-based money transfer and payment services in emerging markets.

Mobilis is recognised as a strategic partner by Verifone Systems Inc (PAY), the leading provider of point-of-sale transaction devices that are used by millions of consumers to make purchases.

Contact Information

Media Relations:

Alex Mercer, Mercer Palmer, alex@mercerpalmer.com

Mobilis Networks Limited

Marketing Communications, marketing@verifonemobilemoney.com

Tel: +1-415-830-3759

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