September 6, 2014
On Sept.3, 2014, international leader in program management for Prepaid Cards, Debit Cards, Loyalty Products, Payroll and Government Solutions – DCR Strategies Inc. TruCash – announced that the company had selected Mobetize Corp to be the core mobile wallet as well as mobile financial services provider (MFS) which will be fully incorporated in TruCash prepaid card mobile app.
After carefully assessing various mobile money solutions, Mobetize’s Smart Wallet with its smart suite of mobile financial services was a clear choice in the delivery of international money remittance, mobile bill payments and international air-time top-ups which complements our existing prepaid card programs in North America and in the future in other countries DCR operates, commented Diana Fletcher, President of DCR Strategies Inc.
With this, Mobetize and DCR Strategies extend their existing partnership to offer Mobetize mobile financial services and products to the several thousand existing DCR prepaid card customers in North America.
We are extremely excited to enhance our existing partnership with DCR Strategies Inc., the ability for Mobetize to market its mobile solutions to the very large DCR network of high profile corporate customers and their millions of existing prepaid card holders in North America is an exciting milestone for Mobetize and further strengthens our position to deliver mobile money service offerings across North America and even globally, commented Ajay Hans, CEO of Mobetize.
On 4th September 2014, Mobetize signed a memorandum of understanding with iWire Consulting of Dubai, UAE, in order to develop and launch the first mobile money transfer service to be funded via payroll for expatriate workers in UAE.
At the moment, UAE possesses over 8Mn people from around 140 different countries. The international money transfer remittance market in the UAE is huge, with foreign workers sending home nearly Dh10 Bn (US$2.72bn) each month or over US $32 Billion annually, according to CNN Money.