Oberthur Technologies teams up with mBank

Tuesday 3 December 2013 00:28 CET | News

Oberthur Technologies, a French provider of security and identification solutions based on smart card technologies, has entered a partnership with mBank, an entity affiliated to the PlaNet Finance group that aims to enhance financial inclusion through mobile technology, to offer mobile branchless banking in emerging markets.

Bringing together the m:Wallet solution of the Oberthur Technologies subsidiary, MoreMagic and mBank’s expertise in branchless banking services, the partnering companies have created an extended mobile branchless banking offer. The m:Wallet, that has already supported a number of services such as merchant payment and money transfers, is set to include a range of micro-finance services such as loan, credit and insurance.

mBank’s mission is to contribute towards financial inclusion by operating under a mobile, distributed model and provide financial services, including mobile insurance, saving and loan products, to unbanked and underbanked mobile phone users in emerging economies. mBank Group is an affiliated to PlaNet Finance Group and supported by FMO & Finnfund.

In recent news, Oberthur Technologies has rebranded as ‘The M Company’ to establish itself in the digital security solutions front for the mobility space.

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Keywords: Oberthur Technologies, mBank, PlaNet Finance, financial inclusion, money transfers, mobile technology, mobile, branchless, banking, emerging markets, m:Wallet, MoreMagic, FMO & Finnfund
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce