Mobetize, a provider of mobile commerce payment solutions, has signed an agreement with SurePay Payment Services to provide payroll-funded mobile wallet and remittance services in UAE.
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Under the terms of the three-year agreement, Mobetize will initially provide SurePay’s users its smartWallet platform, smartRemit international money transfer service, and its smartCharge mobile phone airtime top-up/ recharge service.
In addition, services such as bill payments, POS payments, prepaid cards and other services will be added to the wallet.
In exchange for its services, SurePay will pay Mobetize an integration fee and receive a variable fee per transaction based on volumes and types of financial service provided.
Mobetize said that its smartWallet platform will enable SurePay, on a white label basis, to offer a better mobile wallet feature set and services to employers and their expatriate workers including features such as user registration, customized account settings, balance view, and stored payment methods.
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By GlobalDataMobetize co-founders Stephen Fowler and Ajay Hans, said: "We are excited to work with SurePay and the Royal Group to offer the first mobile money transfer service to be funded via payroll for expatriate workers in UAE.
"The large population of previously unbanked and underserved foreign workers in the UAE and in the Gulf region presents a very large opportunity for SurePay and Mobetize."
The service is expected to commence during the beginning of 2015.
