724 Solutions delivers mobile financial transaction solution to Moroccos Group

Tuesday 22 January 2002 09:35 CET | News 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. - 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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech