RNS Number : 7838I
21 June 2011
For immediate release 21 June 2011
("VIPERA" or "THE COMPANY")
Vipera awarded mobile banking project with Thai retail bank
Vipera, the specialist provider of mobile financial services, today announces that through its Thai official distributor and systems integrator T.N. Information Systems Ltd ("TNIS")it has won a mobile banking contract with one of Thailand's leading retail banks. This contract is the first result of the distribution agreement signed in November 2010 and will deliver project revenues in 2011; thereafter the Company will receive revenues related to user volumes and take up of the service.
The solution is based on Vipera Mobile Financial Services ("Vipera MFS"), a flexible and extensive mobile banking platform, that will allow the bank to offer its customers full access to their bank account details enabling them to make credit card and utility bill payments and to instantly transfer funds anywhere in the world.
TNIS is a leading consulting and IT services company serving the banking and government market in Thailand and its agreement with Vipera is part of a wider strategy by the Company to deliver services and expertise to companies and governments in ASEAN countries and expand its reach into China and India.
Commenting on the contract win Marco Casartelli, Chief Executive of Vipera said "this contract demonstrates how Vipera is fast developing its position in the international financial services markets. By working with best in class technology partners across the globe, we are able to deliver our highly recognised product offering to leading institutions. We look forward to working closely with TNIS on this project and assisting the bank in developing critical mobile services for its customers."
Marco Casartelli Tel: +39 02 7214 2424
Roger Mitchell Tel: +39 02 7214 2424
Martin Perrin Tel: +44 (0) 7785 505 337
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Daniel Stewart & Company plc (Broker)
Colin Rowbury Tel: + 44 (0) 20 7776 6550
Hudson Sandler Tel: + 44 (0) 20 7796 4133
Charlie Jack / George Parker
Notes to Editors
Vipera is an international mobile commerce provider with a focus on the Middle Eastern market, where it has established itself as the preferred partner of national banks and global technology businesses.
Vipera provides software and services to banks and financial institutions to enable mobile access to personal financial services. Additionally Vipera's software enables Government and corporate entities to allow their services and consumer transactions to take place on mobile platforms.
Vipera is ideally placed to leverage its significant success to date and seize further share of this market, buoyed by the growth of smart phones, forecast by 2013 to grow to 977 million users and in revenue from $71bn to $862 billion.
Vipera's headquarters are in Milan and it listed on the London Stock Exchange (AIM: VIP.L). For further information, please visit www.vipera.com
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