Digicel’s TchoTcho Mobile Migrates to Utiba’s Mobility Platform; Represents the First Completed Implementation of Digicel’s Multi-Country Migration
MIAMI, FL - August 6th, 2013 - Utiba, a leading provider of mobile financial services solutions, announced today that TchoTcho Mobile, the mobile money platform of Haiti’s leading telephone company Digicel, has successfully migrated to Utiba’s Mobility platform. TchoTcho Mobile is the most popular mobile money service in Haiti, allowing subscribers a quick, simple, and secure way to manage their money from their phone.
The migration of TchoTcho Mobile to Utiba Mobility will allow standard mobile financial transactional services, such as person to person and person to business payments; cash withdrawal and deposit via agents and bank; telephone recharge; government subsidies disbursement; as well as bill payments, lottery payments and international remittances. Additionally, the Company’s platform allows for multi-bank integration and the ability to incorporate new features as needed. The migration represents the first implementation of Digicel’s mobile commerce agreement with Utiba, with potential to expand to 22 of Digicel’s operations in the Caribbean and Pacific over the next 2 years.
Renowned for delivering the best value, service and network to customers and agents in 36 markets worldwide, Utiba’s Mobility platform was selected by Digicel in 2012 with the strategic objective to create a new and improved base system to be utilized across select operations. Richard Matotek, CEO of Utiba, commented, “On behalf of the entire team, we would like to congratulate Digicel on the successful migration and re-launch of their TchoTcho Mobile Financial Services brand now utilizing Utiba’s Mobility platform. Our platform provides innovative solutions needed to service their growing customer and agent base and will assist them in further penetrating Haiti’s unbanked populace and Digicel’s global customer base.”
Mr. Matotek continued, “Looking ahead, we remain highly confident in our ability to facilitate the completion of Digicel’s multi-country launch of our Mobility product. With new features planned for Caribbean and Pacific operations, it is our belief that once completed Digicel’s robust service offering will be one of the strongest in the industry”
Mr. Matotek’s sentiments were echoed by David Sharpe, General Manager of TchoTcho Mobile in Haiti. “Mobile Money represents a new frontier in Haiti that has the potential to exponentially increase the ease and efficacy of purchases, transfers, and overall banking functions. Utiba is a clear leader in the industry, providing a strong foundation to TchoTcho’s and Digicel’s service delivery that will allow customers to have the best possible experience when it comes to Mobile Money.
ABOUT TCHOTCHO MOBILE
Digicel’s TchoTcho Mobile is the first mobile phone-based financial service launched in Haiti. For 3 years, TchoTcho has pioneered an interconnected ecosystem of agents, merchants, and customers with the goal of easing the burden of financial transactions in Haiti. By providing subscribers with a quick, simple, and secure way to perform financial transactions from their phones, TchoTcho strives to innovate and create while ensuring the service’s simplicity and ease of use. With TchoTcho, subscribers can pay for goods and services; withdraw and deposit cash via agents and banks; recharge their telephones; receive government subsidies, and purchase lottery credit. New programs, such as savings programs and other innovative financial services, are continually researched and developed as applicable. Visit http://digicelhaiti.com/tchotcho/en/ for more information.
Digicel Group Limited is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, total investment to date stands at over US$4.5 billion worldwide. The company is renowned for delivering best value, best service and best network.
Digicel runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes. Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams and individuals including the world's fastest man, Usain Bolt and Special Olympics teams throughout these regions. Digicel also sponsors the West Indies cricket team.
Visit www.digicelgroup.com for more information.
Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 660 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, and receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. Utiba has partnered in joint venture with Alternet Systems, Inc. (OTCQB: ALYI) for the Americas region and with MasterCard, Validsoft, i2c, Oracle and others to develop and deploy more sophisticated mobile financial services. For more information, visit www.utiba.com or follow us on Twitter www.twitter.com/utibamobility
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.