Oberthur Technologies and Utiba Partner to Offer Secured Mobile Money Services

PARIS, February 15, 2010 /PRNewswire-FirstCall/ -- Oberthur Technologies, the world's second largest provider of smart cards solutions announced today a partnership with Utiba, a leading supplier of mobile commerce platforms to create a complementary suite of secured Mobile Money Services and Money Transfer Solutions to mobile operators and financial institutions.

This offer combines Oberthur Technologies' SIM OTA server, SIM browsing gateway and SIM secured gateway together with Utiba's transactional platform in a global solution which can be possibly operated from any of Oberthur Technologies' certified datacenters.

This Mobile Money Solution proposes a suite of secured end-to-end payment and money transfer services helping mobile operators and financial institutions to offer innovative financial services in mobility such as microfinance, domestic and international money transfer, airtime sharing, e-payment or e-banking.

This solution addresses both matures countries, where mobile subscribers are often banked with features phones, and developing ones where banking services and money transfer for under-banked and unbanked can be proposed to large populations through secured applications in the SIM card.

Xavier Drilhon, Managing Director of the Card Systems Division at Oberthur Technologies commented, "With 20 years experience in securing financial transactions and mobile operators traffic, we started a couple of years ago to secure mobile money transactions. With the technology provided by Utiba, who has a proven track record in mobile commerce, we expand further our range of Mobile Money Services for both mobile operators and financial institutions."

Richard Matotek, CEO, Utiba says "Our objective is to enable the subscriber to remit funds to anyone, anywhere knowing only their mobile telephone number. Today, Utiba boasts of an exhaustive knowledge in creation of mobile finance systems. Utiba aims for an ambitious vision of "Empowering everyone to make Mobile Payments" and we see fostering this relationship with an industry expert like Oberthur as a giant leap towards achieving that aim."

About Oberthur Technologies

With sales of 882 million Euros in 2008, Oberthur Technologies is a world leader in the field of secure technologies. Innovation and high quality services ensure Oberthur Technologies' strong positioning in its main target markets:

    - Card Systems: The world's second largest provider of security
      and identification based on smart card technology and associated
      services for mobile, payment, transport, digital TV and convergence
      markets.
    - Identity: Leading international supplier for the manufacture and
      personalization of secure identity documents such as passport,
      identity card, driving license or health care card - traditional and
      electronic - and associated services for both governmental and
      corporate markets.
    - Security printing: World's third largest private security printer
      specialized in high security for the production of banknotes, checks
      and other fiduciary documents in more than fifty countries.
    - Cash protection: World leader in the emerging market of
      intelligent systems to secure cash-in-transit and ATM.

Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents.

Oberthur Technologies S.A. is a limited liability company (societe anonyme) registered in France with its registered office at 50 quai Michelet 92 532 Levallois Perret, France. Oberthur Technologies S.A.'s corporate registration number is 340 709 534 R.C.S. Paris.

Website: http://www.oberthur.com

About Utiba Pte Ltd.

Utiba was founded in 2001 with the objective of creating true mobile commerce ecosystems, where users should be able to remit amounts to anyone anywhere in the world, knowing only their mobile phone number. Utiba products are focused around providing mobile transaction and payment solutions to: - Banks - Mobile Operators - Micro Finance Institutions - Payment Service Providers. Utiba's products are successfully deployed across 4 different continents with more than 15 customers including banks and MNOs.

For details, please visit http://www.utiba.com.

SOURCE Oberthur Technologies

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