NEW YORK, Sept. 21 /PRNewswire-USNewswire/ -- OpenRevolution is proud to support Mercy Corp's Clinton Global Initiative commitment Mobile Money: Financial Inclusion for Haiti's Recovery. As a firm with experience forming mobile payments networks around the world, we are excited to lend our expertise to Mercy Corps in its efforts to provide financial assistance to affected Haitian communities by leveraging the mobile channel as a scalable, sustainable transaction mechanism.
OpenRevolution has assisted Mercy Corps from the initial conceptualization phase of its mobile money programming to planning and execution, bringing technical expertise as well as an extensive knowledge of the mobile financial services ecosystem and critical actors (including financial institutions, regulators, mobile network operators, and merchant-agents) to ensure the program is designed to facilitate broader market adoption and commercial longevity.
OpenRevolution provides mobile transaction solutions that enable our partners and clients to deliver optimized payment services across m-commerce ecosystems and value chains. Its three divisions include the Network Group, the Advisory Services Group, and the Investment Management Group. Headquartered in Washington, DC, OpenRevolution formed its first regional operating company, OpenRevolution Georgia JSC, in Tbilisi in 2009 to serve 12-14 markets in the Eurasian region.
On July 1, 2010, OpenRevolution launched its payment network in Georgia (MobiPay) with the mobile network operator Geocell and a diverse cross section of financial institutions including Bank of Georgia, TBC, BASIS Bank, Cartu Bank, FINCA Georgia, KSB, and Bank Constanta. 2011 market expansion will be focused in Turkey, Azerbaijan, Bulgaria, Armenia, Moldova, and Poland.
For further information during the CGI 2010 Annual Meeting, please contact either Michael Catalano at 202.640.3009 / [email protected] or Nicholas Lesher at 202.683.9628 / [email protected]. Additional information can be found at www.openrev.com.
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