MoadBus Expands Operations in Latin America

MCLEAN, Va., March 23 /PRNewswire/ -- MoadBus, Inc., a leading provider of software solutions to banks and financial institutions globally, today announced a significant expansion of its operations in the Latin American Region.

The firm announced the establishment of regional offices and appointed Regional Managers based in the following cities:

• Mexico City, Mexico
• Bogota, Colombia
• Sao Paulo, Brazil
• Buenos Aires, Argentina

"Opening offices in this important region demonstrates MoadBus' commitment to this vital continent," commented MoadBus president Kurian Abraham.  "Demographically, our research shows that there is a far greater penetration of mobile phones per capita than personal computers with Internet access.  As our existing clients in the region are already aware, this represents a tremendous opportunity for banks to deliver our mobile banking and mobile cash/virtual wallet solution to financial institutions throughout Latin America."

About MoadBus: MoadBus, Inc. is an innovative technology company, dedicated to providing scalable, advanced, and cost effective business solutions to financial institutions. MoadBus is headquartered in McLean, Virginia, USA, with multiple worldwide locations.  The company's MBanking, MCash, Transaction Monitor (T-Monitor), Test Environment and Creation Utility(TECU) and Common File Compare Utility (CF-Compare) provide financial institutions with the capability to deliver mobile solutions, as well as CRM and Business Intelligence solutions, other operational utilities and professional services which result in cost-savings and revenue-enhancement solutions have been implemented on every continent.

SOURCE MoadBus, Inc.

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