Spindle Mobile Payments Technology Complements Utiba's Converging Payments Solutions

By Shamila Janakiraman

TMCnet Contributor

 

Spindle, a provider of mobile payments solutions, inked an agreement with Utiba, a provider of mobile financial services solutions, according to which Spindle will deliver low cost mobile acceptance technology and services along with Utiba's Converging Payments solutions.

"We are very pleased to join forces with Utiba, which is recognized as the market leader for providing robust mobile financial service solutions to mobile and financial service providers around the globe," said Bill Clark, president of Spindle.

This collaboration is expected to enhance the consumer-to-merchant experience between Spindle and its customers as its mobile marketing capabilities are synergized within Utiba's mobile financial services offering. Spindle supports consumer and merchant engagement services including payment, couponing, loyalty, and advertising in a secure end-to-end SaaS (News - Alert) platform.

"Both companies stand to benefit enormously from this relationship through greater transactional revenue, an expanded international subscriber base, and greater user satisfaction," Clark added.

This integration will also help Utiba's customers to expand their payment eco-systems and launch multi-dimensional merchant and consumer led programs to improve user-experience and also augment brand stickiness and transaction revenue. Utiba's customers will be able to conduct open-loop transactions in numerous countries.

Utiba with also gain access to loyalty, coupons and other offers that are integrated into the Spindle platform, said officials. 

Singapore-based, Utiba serves financial services organizations, mobile operators and payment service providers by delivering a reliable and secure mobile payment service via mobile devices, E-commerce sites and point-of-sale locations.

"Spindle's rich experience and solutions in key growth areas such as acquirer processing and mobile advertising dovetails extremely well with our Converging Payments strategy," said Richard Matotek of Utiba. "This partnership serves as a springboard to create and capture many new opportunities and markets in this rapidly evolving mobile commerce space."

In May 2012, ValidSoft a global supplier of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications, partnered with Spindle to provide mobile commerce and alternative payment solutions for merchants and consumers.