VoiceTrust Expands With Mobile Payments in the Middle East

AMSTERDAM and DUBAI, UAE, June 15, 2011 /PRNewswire/ --

Today, June 14, 2011 VoiceTrust Holding, a global leader in voice biometrics based services announced the acquisition of VoiceCash Middle East for an undisclosed amount. The acquired entity has been renamed as VoiceTrust eServices MENA (Middle East North Africa).

 "This is a strategic acquisition as it strengthens our expansion into the MENA region as well as into the fast growing financial services space of Prepaid and Mobile Payments. Voice biometrics has the potential to revolutionize customer authentication and enable financial inclusion in emerging markets. It is natural, convenient and scalable. Customers no longer need to memorize PINs and passwords, they just use their voice to have their identity verified," said Tariq Habib, Group CEO of VoiceTrust Holding.

“This is a strategic acquisition as it strengthens our expansion into the MENA region as well as into the fast growing financial services space of Prepaid and Mobile Payments. Voice biometrics has the potential to revolutionize customer authentication and enable financial inclusion in emerging markets. It is natural, convenient and scalable. Customers no longer need to memorize PINs and passwords, they just use their voice to have their identity verified,” said Tariq Habib, Group CEO of VoiceTrust Holding.

VoiceTrust has millions of satisfied users across North America and Europe, currently benefiting from its Voice Biometric Security (VBS) services. One of the key market differentiators for VoiceTrust has been its innovative approach in enabling real-life applications using VBS.  One of its flagship business models, branded Proof-of-Life™, provides convenient, secure and very low cost transactions for e-Government as well as e-Commerce usage.  

VoiceTrust is majority owned by Ramphastos Investments N.V., investment holding of Dutch billionaire investor Mr. Marcel Boekhoorn.

Mr. Corné Melissen, spokesman for Ramphastos and VoiceTrust´s interim Group CFO expressed Ramphastos´ strong belief that the acquisition will make VoiceTrust Holding a true power-house in providing security and payments both in  cyber-space and the physical world.

About VoiceTrust:

VoiceTrust Holding is a global innovator in voice biometrics based security and mobile payments with offices in New Jersey, Amsterdam, Munich and Dubai. VoiceTrust provides security and enables payments in cyberspace. As a choice of Fortune 500 customers worldwide, its technology and services are used in a variety of security related solutions. Recently, VoiceTrust has expanded its strategy and focused on creating and delivering end user services underpinned by its mobile-wallet and Voice biometric platforms.

For more information, please contact:
Estelle Byrne
VoiceTrust Tel: +9714-445-8238
[email protected]

SOURCE VOICETRUST AG