The FINANCIAL -- Wincor
Nixdorf and eServGlobal, one of the world’s leading mobile money
specialists, will use the Mobile World Congress as a stage to showcase
new and extended concepts which enable consumers with no access to a
bank account to use their mobile phone to deposit, withdraw or transfer
money through ATMs.
According to Wincor
Nixdorf, mobile money solutions allow people without bank accounts to carry out financial transactions using a mobile phone. A study by McKinsey reveals that 360 million people worldwide already use mobile money accounts. According to the GSMA, the global association of mobile operators, there are now 264,000 mobile money agents worldwide offering services such as loading credit on mobile devices, accepting, transferring or dispensing money or settling bills.
In order to create a functioning infrastructure for a mobile money service, service providers need to rely on a widespread and well-trained agent network. ATM solutions form a vital part of a mobile money deployment by dramatically increasing accessibility for users and alleviating liquidity management issues for the service provider.
Paolo Montessori, Chief Operating Officer, eServGlobal said, “The integration of ATMs is an important part of a comprehensive mobile money solution. The ATM solutions from Wincor Nixdorf shown at the MWC would be an asset to mobile money service providers worldwide. They provide an open and standardized interface to eServGlobal’s mobile money platform bringing advantages in terms of speed and security. eServGlobal will continue to work closely with Wincor Nixdorf to integrate its extensive ATM portfolio with our mobile money solutions.“
Wincor Nixdorf will also tap the customer segment of mobile money operators with tailor-made technology – a server/client-based solution and multifunctional ATMs. “The systems from the ProCash product family, which not only dispense cash, but also accept it by means of an integrated deposit module and check it for forgeries, have been specially developed for growth markets. Along with our banking know-how, they make a key contribution to giving people in growth regions access to financial services,” says Alvin Ng, Senior Vice President at Wincor Nixdorf.
Wincor Nixdorf and eServGlobal will present their integrated solutions at the Mobile World Congress in Barcelona from February 25 to 28 on the eServGlobal stand (Stand E60 in Hall 7).