Voice Commerce and Alcatel-Lucent Partner on Mobile Money
Voice Commerce, a financial services group, has agreed to provide payment and mobile money services to mobile operators through Alcatel-Lucent’s Mobile Wallet Service (MWS).
Mobile service providers can now deliver fully regulated end-to-end financial services. Voice Commerce, which recently launched its Cashflows services, operates various financial services under licences covering the provision of payments, e-money services and is a membership of both Visa EU and MasterCard.
This global offering is particularly well suited to mobile service providers in emerging markets where the mobile phone is used to deliver financial services, as it will enable them to meet the needs of those customers with a broader range of services such as mobile remittances and payments. The MWS can also be deployed in developed markets where consumers are interested in using the mobile phone for payments, coupons and loyalty programmes.
“Together with Alcatel-Lucent and mobile operators, we see the opportunities for consumers to manage their every day financial needs with their mobile phone,” said Nick Ogden, chief executive officer (CEO) of Voice Commerce. “At Voice Commerce we have focussed on developing new, innovative and regulated services, and this, coupled with the recent launch of our Cashflows services, we believe will support mobile operators in delivering new services to their customers. Voice Commerce with Alcatel-Lucent’s MWS, enables mobile operations to accelerate their ‘go to market’ offer of electronic wallet services, as all the financial services requirements and technical capabilities are delivered as an end-to-end service.”