Telefonica Movistar Chooses XIUS's Payment Manager Solution to Power its Electronic Prepaid Recharge Program

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Jun 07, 2011, 09:00 ET

WOBURN, Massachusetts, June 7, 2011 /PRNewswire/ -- XIUS, a leader in delivering innovative telecommunications solutions for mobile operators and MVNOs worldwide, today announced that Telefonica Movistar has chosen XIUS's Payment Manager Solution to power its electronic prepaid recharge service in five Latin American countries: Panama, El Salvador, Nicaragua, Costa Rica and Guatemala.

Telefonica is one of the world's largest telecommunications companies, offering communications solutions in 25 countries. The five combined operations which have selected XIUS, total more than 6.4 million mobile telephone subscribers.

"These five countries are markets with steadily growing telecommunications sectors. Fixed line tele-density in these areas was traditionally very low, and as a result the mobile phone has become the preferred method of communication, with prepay as an especially popular option," says G. V. Kumar, Managing Director of XIUS. "Our Payment Manager solution offers subscribers in these areas a simple way of topping up the minutes on their mobile phone and gives Telefonica greater flexibility in the management of its distribution chain."

About XIUS

XIUS is a technology specialist which focuses on the real time transaction process, in three main areas: Network Infrastructure and Prepay, Mobile Commerce and Mobile Advertising. XIUS believes in innovation, flexibility and operational excellence and the client's priority is its core value.

XIUS offers its services in a management services model, which allows clients to rapidly launch and market their services.

XIUS has more than 380 employees worldwide. Its corporate headquarters are in Woburn, Massachusetts, and its Global Delivery Centre is in Hyderabad, India. Our firm belief in innovation is reflected in the filing of 105 patent applications, with 23 accepted to date.

XIUS has been providing telecommunications services to mobile operators for more than 20 years. For more information visit our website at: http://www.xius.com

Telefonica

Telefonica is one of the world's leading integrated telecommunications operators in the provision of communication, information and entertainment solutions, present in Europe, Africa and Latin America. It is present in 25 countries and has a customer base of over 287.6 million through December 2010.

The Group is ranked fifth in the world in the telecommunications sector for stock market capitalization, first in terms of integrated European operators, and third in the Eurostoxx 50 ranking, which lists the best companies in the Euro zone (31 December 2010).

Telefonica is a completely private company with more than 1.5 million direct shareholders, which trades on the continuous market in the Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia) and on those of London, Tokyo, New York, Lima, Buenos Aires and Sao Paulo. The company has one of the most international profiles in the sector as it generates more that 60% of its business outside of its domestic market, and it is the benchmark operator in the Spanish-Portuguese speaking market.

In Spain, the Group has built up more than 80 years of experience since it was established in 1924, providing services to more than 47.5 million customers at the end of December 2010. In Latin America the company provided services for more than 183.7 million customers as of 31 December 2010, making it the leading operator in Brazil, Argentina, Chile and Peru with significant operations in Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Puerto Rico, Uruguay and Venezuela. In Europe, in addition to Spain, the company has a presence in the United Kingdom, Ireland, Germany, the Czech Republic and Slovakia, providing services to more than 56.2 million customers at the end of December 2010.