From Prepaid Payment Cards to Mobile Money

Global mobile phone use topped 4.1 billion in 2008 - equivalent to about 60% the world's population – and is still growing rapidly according to International Telecommunications Union (ITU), an agency of the UN. Developing countries now account for about two-thirds of the mobile phones in use. Africa is the continent with the fastest growth, with a penetration surpassing 28% of its population in 2009.

Alongside this, a new demand has emerged for mobile person-to-person (P2P) remittance and payment services, and is predicted to become mainstream financial practice. These mobile money services are opening up a lucrative new route for mobile operators and banks to strengthen ties with their existing customers, cross-sell and to win new customers from the huge number of new mobile phone users without access to traditional banking services.

But pure mobile money services are still very much an emergent technology. Whilst they deliver highly valuable, new and innovative services to the end-user, to date, few customers have been willing to abandon the familiarity and ubiquitous support infrastructure offered by established card and bank account services.

VoiceCash offers a practical early-adopter solution to help our clients to start winning subscribers for tomorrows mobile money services, today. Our unified mobile money services provide practical, prepaid twin payment cards, combined with a range of integrated mobile money services on one single account. Users can maintain traditional card payment habits, with full access to the traditional card-payment infrastructure. At the same time, they can use their mobile phone to manage their card and use new phone-based payment and remittance services as they become available, practical and widespread.

VoiceCash services achieve a new level of security and fraud protection by using the award-winning, proven and certified voice authentication service of VoiceTrust.

Users can sign up to VoiceCash within minutes without the need for either a credit check or an existing bank account. Mobile users can easily and safely purchase goods or send money anytime, anywhere, using the VoiceCash Mobile Payment account. And for those with dependent family or friends abroad, the linked reloadable VoiceCash Prepaid Twin Card provides a safe, fast and simple way to send money straight into their pocket using a mobile phone.

Current VoiceCash clients are mainly mobile operators and banks located in Europe, Middle East and Africa, who provide client-branded VoiceCash services to their end-customers. They benefit from a highly attractive, innovative and profitable additional business offering in a fast emerging market segment. VoiceCash helps them to increase revenues, reduce customer churn and attract new customers.

VoiceCash was incorporated 2008 in the Netherlands with headquarters in Germany and subsidiaries in Malta and Dubai.