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724 Solutions delivers mobile financial transaction solution to Moroccos Finance.com Group

Tuesday 22 January 2002 09:35 CET | News

Finance.com Group of Morocco has adopted a solution from 724 Solutions Inc. to power its planned mobilecommerce 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.

Finance.com - the holding company of BMCE Bank (Banque Marocaine du Commerce Extérieur) 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: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech