For the 3rd Year, ProgressSoft as Platinum Sponsor of Mobile Money Global 2012

Dubai, July 26, 2012

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 20th and 21st at Atlantis - The Palm, Dubai.

Mobile Money Global is annually held as part of the Connected World Forum Conference & Expo, attracting over 1000 visitors. The event is designed specifically to facilitate networking opportunities between pioneering stakeholders from mobile operators, banks, microfinance institutions, money transfer networks, app developers, regulators and NGOs.

During the event's exhibition, ProgressSoft will be demonstrating its countrywide mobile payment offering, including the Mobile Payment Solution
(PS-mPay) and Mobile Payment Switch (PS-mpClear). The solutions are designed to enable banked and unbanked customers to conduct various payment transactions, including Person2Person, Person2Business, Person2Government and Point-of-Sale (POS) Payments, as well as Bill Payments, Direct Credit and International Remittances.

Commenting on ProgressSoft's featured solutions, Mr. Michael Wakileh, CEO said, "we will continue to aim for a total portfolio of real-time country-wide payments around the globe which will include people, businesses and the government and we will make sure mobile payment is the new paradigm which will assure the mobile is your only share of your pocket".

Mobile Money Global also embraces a conference that features 40+ top executive presentations and global case studies, offering a platform for sharing real-life experiences of mobile money practitioners and discussing challenges and opportunities of the industry.

[About ProgressSoft]

Established in 1989, ProgressSoft has been focusing its proficiency in Real-time Payments and Imaging technologies to deliver a set of innovative solutions tailored for the needs of the banking and financial sectors. Serving a diversified client base of 350+ banks in 23 countries around the globe, ProgressSoft provides solutions in the fields of Electronic Image-based Check Clearing, Automated Clearing House, Mobile Payments, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.