Utiba’s services include corridor routing, transaction settlement and foreign currency exchange, serving telecommunications carriers, money transfer operators and financial services providers.
The initiative targets mobile network operators, governments, banks, financial institutions, money transfer operators and other global financial value added service companies, providing them with office management, fraud control as well as credit/risk management and settlement capabilities via the Utiba U:Hub platform.
The U:Hub platform on which the service is based was certified as part of Western Unions Mobile Vendor Program in 2009 and currently handles more than USD 100 million in transactions per month.
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