SuperCom Signs MoU for Delivery of Mobile Money Solution in Africa

Nov 13, 2015, 10:19 ET from SuperCom

HERZLIYA, Israel & NEW YORK, November 13, 2015 /PRNewswire/ --

SuperCom (NASDAQ: SPCB), a Global provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has signed a memorandum of understanding with a leading Mobile Network Operator in Africa to implement and deliver a mobile money solution using SuperCom's SuperPay™ technology.

Both parties have agreed to jointly deliver an advanced secure mobile wallet to be used by millions of existing subscribers with any mobile device and to deploy matching mobile POS technology through the operator's vast agent network. The solution will provide a range of services such as cash deposits and withdrawals, money transfer, bill payments, account top ups, in-store payments and more. The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.

SuperCom will showcase its SuperPay suite of secure mobile payments solutions, along with its other innovative solutions next week at the CARTES SECURE CONNEXIONS 2015 event in Paris, France on November 17-19 2015. SuperCom´s booth will be located in Hall 3 at Stand E 012.

SuperPay™ is SuperCom's secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite is a secure and effective customizable answer for governments, MNOs and banks. Solving major money transfer and payments problems, and considering the unbanked population, SuperPay can be used for depositing, withdrawing and transferring funds and for paying for goods and bills on any mobile phone. While supporting multiple payment methods such as mobile-money, credit / debit cards and bank accounts, SuperPay monetary transactions are processed over a tightly-secured closed / open-loop protective layer employing an array of technologies - such as biometric authentication, IVR, and NFC - without additional hardware needed. The SuperPay Suite includes: 

  • SuperWallet - an app providing secured financial services on any mobile device
  • SuperPOS for secured and audio authenticated Point of Sales payments
  • SafeMoney for safeguarding against device and network-based threats
  • SuperGW - a fully customized payments processing gateway platform
  • PayGuard for secured one-click ecommerce payments with multi-level authentication

About SuperCom 

Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced secure mobile payments ranging from mobile wallet to mobile POS using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

SuperCom's website: http://www.supercom.com

Investor Relations Contacts:     Company Contact: Brett Maas / Rob Fink Hayden IR +1-(646)-536-7331 / +1-(646)-415-8972 spcb@haydenir.com Ordan Trabelsi, President, Americas Tel: +1-212-675-4606 ordan@supercom.com

SOURCE SuperCom