Vipera PLC Contract with Al Masraf

TIDMVIP

Vipera PLC

09 March 2017

9 March 2017

VIPERA PLC

("Vipera" or the "Group" or the "Company")

Contract with Al Masraf

Vipera (AIM:VIP), the specialist provider of mobile financial services, is pleased to announce that, in conjunction with its local partner Wavepac Infosystems LLC, it has entered into an agreement with the Arab Bank for Investment & Foreign Trade ("Al Masraf") for a multi phase project covering the design, development and implementation of a mobile banking and bill payment solution.

The project will utilise Vipera's Motif platform and Motif middleware components to deliver a state of the art solution to Al Masraf. Once implemented, Al Masraf's customers will be able to utilise the latest Vipera mobile technology for banking and bill payment within UAE. The Motif platform supports the use of smartphones and wearables for banking & payments and will enable Al Masraf to deliver a range of banking, payment and value added services in the future.

Vipera CEO, Marco Casartelli commented: "We are very pleased to be working with Al Masraf to implement our Motif mobile banking and bill payment solution. By using our Motif platform Al Masraf will gain access to the state of the art mobile banking solution, enabling them to quickly and effectively add this capability to their service offering."

Contact:

 
 Vipera PLC 
  Marco Casartelli (CEO)              Tel: [phone] 
  Simon Pearce (CMO)                  2037 
  Martin Perrin (CFO)                 Tel: [phone] 
                                      105376 
                                      Tel: +44 (0) 20 
                                      7193 0833 
 finnCap Ltd (Nomad and Broker)     Tel: +44 (0) 20 
  Adrian Hargrave / Anthony Adams    7220 0500 
  (Corporate Finance) 
  Christian Hobart (Corporate 
  Broking) 
 IFC Advisory Ltd (Financial        Tel: +44 (0) 203 
  PR and IR)                         053 8671 
  Tim Metcalfe 
  Heather Armstrong 
  Graham Herring 
 

Notes to Editors:

About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

About Al Masraf

Arab Bank for Investment & Foreign Trade (Al Masraf) was established in November 1975 in UAE.

Al Masraf offers a full range of financial services including Consumer Banking, Corporate Banking, Islamic Banking and Treasury & Investment services to help customers build & manage their finances. Al Masraf values encourage them to constantly update their products and services in order to meet the diverse and evolving needs of their customers.

About Wavepac:

Wavepac Infosystems LLC is an IT Solutions provider based out of Dubai (UAE) and committed to offering its customers specialized IT solutions in an strategic partnership with focussed players like Vipera. Wavepac promoters have been engaged with Al Masraf for some key IT solutions for the past 19 years and are one of their preferred solution provider.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 09, 2017 02:01 ET (07:01 GMT)