724 Solutions Delivers Mobile Financial Transaction Solution to Moroccos Group

Tuesday 22 January 2002 09:06 CET | News Group of Morocco has adopted a solution from 724 Solutions Inc. to power its planned mobile commerce offering. In a first North-African implementation for the company, 724 Solutions is integrating its award-winning financial services applications with Ericssons Mobile Commerce Platform, to deliver mobile commerce services to a marketplace of four million consumers. -- the holding company of BMCE Bank (Banque Marocaine du Commerce Exterieur) and 20 percent holder of Moroccan GSM operator Meditel -- will initially be offering mobile banking and brokerage services to consumers through BMCE Bank, Moroccos second-largest financial institution. According to Africa Telecom, Morocco has more than four million mobile subscribers and accounts for approximately 20 percent of the total North-African mobile subscriber base. In fact, over the last year, the Moroccan subscriber base grew by 176 percent -- the third fastest expanding mobile marketplace in the world.

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Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce