Telecom Lead Europe: Banco FIE, Bolivia’s micro-finance institution, has selected Utiba to provide the platform for its mobile wallet.
Banco FIE selected Utiba to provide a robust and scalable mobile financial services platform that will allow the bank to deploy a full range of mobile financial services, to be rolled out incrementally.
The Utiba platform has been deployed in over 30 countries worldwide and principally by mobile network operators, financial institutions and third party payment service providers looking to provide financial services to the so called “unbanked,” which are estimated to number 2.5 billion people worldwide.
“We are honored to have been selected by Banco FIE for this important strategy. The bank is known for establishing best practices and a leading use of technology in the micro-finance industry in Latin America. With their superior service capabilities and our robust and flexible hosted platform together we will deploy meaningful and impactful mobile financial services in Bolivia,” said Utiba CEO for the Americas Henryk Dabrowski.
“The technology is key to be able to provide our services to unbanked populations, as it allows us to manage our clients’ financial transactions at the lowest possible cost and greatest proximity to where they earn and spend money,” said Elizabeth Nava, Banco FIE’s General Manager.
Recently, TelecomLead.com reported that Utiba has decided to set up development center in America.
Other global development centers are in India, Vietnam and Australia. This is part of Utiba Mobility’s vision to spread its presence in the American market and bring development resources closer to its fast growing customer base in Latin America.