MIAMI, FL--(Marketwire - June 1, 2012) - After three years of successfully marketing Utiba Mobility mobile financial services solutions in the Americas, Utiba has decided to expand its presence in the market and bring development resources closer to its fast growing customer base in Latin America.
Launched in early 2010, Utiba Americas is Utiba's affiliate for the Americas region and the result of a joint venture with Miami based, publicly traded Alternet Systems (
Given the number of regional mobile payment projects the company is deploying, and the overall growth of the industry in the region, Utiba decided it made sense to locate more resources close to this growing customer base. After a careful analysis of cost and quality of the available technical talent, including software developers, Utiba executives decided to locate a development center in the region, complementing its other global development centers in India, Vietnam and Australia. The South Florida staff is in addition to the sales, marketing, implementation and technical support personnel already in place in Miami.
Continued core technology development and third party integration are also required to fulfill the objectives of the company's recently announced Converging Payments initiative -- which calls for the development and deployment of more sophisticated mobile financial services in partnership with companies like MasterCard and Validsoft.
Utiba Co-CEO Richard Matotek commented enthusiastically on the development, saying, "In three short years the Americas have become Utiba's fastest growing region worldwide, complementing the company's large installed base in Asia-Pacific and India, and growing presence in Africa. The local development center will ensure that our customers' needs are met in a timely manner and also advance Utiba's Converging Payments solutions, which will bring sophisticated financial services and global acceptance to the unbanked populations of the Americas. It is very exciting and fulfilling time in the company's history."
Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 500 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. For more information, visit www.utiba.com or follow us on Twitter https://twitter.com/#!/Utibamobility.