SuperCom signs MoU for Latin American help to build mobile money solution

SuperCom (NASDAQ: SPCB) has signed a memorandum of understanding with a mobile network operator in Latin America to implement and deliver a mobile money solution using SuperCom´s SuperPayâ„¢ technology.

Both parties expressed their desire to cooperate in building an advanced secure mobile wallet solution to be used by existing subscribers with almost any mobile device and to deploy matching mobile POS technology through the operator´s agent network. The solution is intended to 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.

SuperPayâ„¢ is SuperCom´s secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities.

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.