|By Marketwired .||
|February 21, 2013 09:00 AM EST||
MIAMI, FL -- (Marketwire) -- 02/21/13 -- Alternet Systems, Inc.'s (OTCQB: ALYI) subsidiary, Utiba Americas, a leading provider of mobile financial services solutions, and Credencial Argentina, a financial payment solutions company, have partnered to provide enhanced mobile financial services in the Americas region. The partnership with Credencial Argentina gives Utiba Americas (UA) customers the ability to issue a card, both physical and virtual, that expands the use and acceptance of UA's mobile wallet at ATM machines, retail points of sale (POS) and for online purchases. These card products can be debit, credit and prepaid.
UA's customers -- financial institutions, mobile network operators and payment service providers -- will benefit from increased end user adoption and usage, increased transaction revenues and an enhanced user experience. In the Americas region, UA's customers are located in Colombia, Venezuela, Ecuador, Bolivia, Guatemala, Honduras, and Peru, with additional countries in deployment. UA expects to have broad regional coverage in the Americas by the end of 2013, serving a potential market of over 600 million mobile and internet users and a population of over 900 million people.
The relationship with Credencial Argentina is another integral piece of UA's Converging Payments Strategy which was launched earlier 2012 with the announcement of the company's participation in MasterCard's Mobile Money Partnership. UA's strategy calls for the expansion of mobile financial services beyond a basic tool of financial inclusion for the "unbanked," a population estimated by the World Bank at 2.5 billion people worldwide. Partnerships with companies like MasterCard, Validsoft, and, now Credencial Argentina, permit UA to extend the acceptance of the mobile wallet and create more sophisticated mobile financial services, both of which increase mobile wallet adoption and transaction rates.
"Issuing a companion card linked to the mobile wallet expands the payment network to include existing points of sale (POS), ATMs and other outlets. This helps UA's customers to provide their end users with an existing payment ecosystem and acceptance network while building out their own agent networks. UA's relationship with Credencial Argentina is designed to give customers the shortest possible time-to-revenue and growth," noted Alternet Systems, Inc.'s CEO Henryk Dabrowski.
"This alliance will allow us to offer full mobile and web solutions to different clients. In our view financial institutions, governments, and retailers are looking for mobile solutions complemented by companion cards in order to cover all of the possibilities of access to goods and services by customers. We are willing to contribute with our technology and experience for the success of this relationship," said Carlos Gorleri, President and General Director of Credencial Argentina.
About Credencial Argentina
Credencial Argentina is a certified Main Member and Global Processor of MasterCard International products, developing processing solutions for financial, retail and health markets for more than 30 years. The company is recognized as a leader in the development of prepaid cards, with special focus in non-banked global markets. In the Americas region, Credencial's customers are located in more than 12 countries, with operations in Mexico, Central America, Colombia, Chile, Peru, Argentina, Uruguay and Bolivia.
About Alternet Systems, Inc.
Alternet Systems, Inc. (OTCQB: ALYI) is an investment company that focuses on the mobile value added service industries of mobile financial services and mobile security. Both industries spring from the exponential and unparalleled spread of mobile communications of the past few decades which have put low cost cellphone communications in the hands of more than 70% of the world's population. Utiba Americas is a 51% owned subsidiary of Alternet Systems, which concentrates on financial mobility solutions in the Latin American region. Utiba Americas has partnered with MasterCard, Validsoft, Credencial Argentina, Oracle and others to develop and deploy sophisticated mobile financial services.
Corporate website: www.alternetsystems.com
For more information about Alternet Systems and its subsidiary, Utiba Americas, contact Rich Kaiser, Investor Relations, 800-631-8127 and/or email [email protected], or visit our web site at www.alternetsystems.com.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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