SuperCom signs mobile money solution in Africa

SuperCom (NASDAQ: SPCB) said it has signed a memorandum of understanding with a leading Mobile Network Operator in Africa to implement and deliver a mobile money solution using SuperCom´s SuperPayâ„¢ technology.

Both parties have agreed to jointly deliver an advanced secure mobile wallet to be used by millions of existing subscribers with any mobile device and to deploy matching mobile POS technology through the operator´s vast agent network. The solution will provide a range of services such as cash deposits and withdrawals, money transfer, bill payments, account top ups, in-store payments and more. The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.

SuperCom will showcase its SuperPay suite of secure mobile payments solutions, along with its other innovative solutions next week at the CARTES SECURE CONNEXIONS 2015 event in Paris, France on November 17-19 2015. SuperCom´s booth will be located in Hall 3 at Stand E 012.

SuperPayâ„¢ is SuperCom´s secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite is a secure and effective customizable answer for governments, MNOs and banks.

Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world.