The Central Bank of Seychelles (CBS) and ProgressSoft Corporation announced today the project launch of the total countrywide mobile payment solution in the Republic of Seychelles. The announcement took place during Mobile Money Global 2012 - the world's largest independent mobile money transfer conference and expo, which is held at Atlantis Hotel, The Palm, Dubai on the 20^th and 21^st of Nov 2012.

With the endorsement of The President of the Republic of Seychelles and Cabinet Members, the Central Bank of Seychelles (CBS) announced today the project launch of the total countrywide mobile payment solution in the Republic of Seychelles, to be carried out by ProgressSoft Corporation, the leading provider of real-time payment solutions. The announcement was made during a meeting that joined The President of the Republic of Seychelles, H.E. Mr. James Michel and ProgressSoft's CEO Mr. Michael Wakileh, along with all members of the Government of Seychelles Cabinet and the Governor of the Central Bank of Seychelles.

ProgressSoft announced the launch of its fully-fledged Corporate Banking & Cash Management Solution, PS-CORPay and the signing of the solution's first project with one of the major banks in Oman.

ProgressSoft, the leading provider of real-time payment solutions, announced its Platinum Sponsorship of Mobile Money Global, the world's largest independent mobile money transfer conference & expo, taking place on November 20^th and 21^st at Atlantis - The Palm, Dubai.

The Central Bank of Bahrain (CBB) and The BENEFIT Company (Bahrain's Electronic Network for Financial Transactions) started running today Bahrain Check Truncation System (BCTS), provided by ProgressSoft, the leading provider of innovative payment solutions.

Today, Nepal starts operating electronic clearing of checks with the live-run of ProgressSoft's Electronic Image-based Check Clearing Solution across the country. Following the awarding of this nationwide project by Nepal's Central Bank (Nepal Rastra Bank) to ProgressSoft last year, the solution has been deployed at Nepal Clearing House Ltd (NCHL) and rolled out to 120 banks and financial institutions, scattered across the country's area of 147,181 sq km.

ProgressSoft Corporation has been awarded the nationwide project for the development and implementation of the Electronic Check Clearing Solution in the Republic of Seychelles - the country of 115 islands in the West Indian Ocean.