ProgressSoft as Founding Partner of Mobile Money & Digital Payments Global 2015

Istanbul, December 2, 2015

For the 5th year in a row, ProgressSoft started its participation as Founding Partner in the Mobile Money & Digital Payments Global Conference & Expo, which is taking place on 2 – 3 December, at Wyndham Grand Istanbul Levent, Turkey.

Mobile Money & Digital Payments Global is a real who’s who of the great and the good from the World of Mobile Money. It is designed specifically to facilitate networking opportunities between pioneering stakeholders from mobile operators, banks, microfinance institutions, money transfer networks, app developers, regulators and NGOs.

Mobile Money & Digital Payments Global 2015 will be continuing the international mobile and digital payments conversation. Led by banks, operators and technology experts themselves, from Turkey and around the world, the topic of conversation will examine the realities of a cashless future, the progress towards a fully interoperable landscape, and the embedding of social payments in the core of traditional banking structures.

The opening sessions of the conference featured a live demonstration of ProgressSoft's Mobile Payment solution (PS-mPay), portraying how several types of payments can be conducted through the mobile phone by the subscribers, and how those payments are processed and cleared through the Mobile Payment Switch (PS-mpClear) developed by ProgressSoft as well.

"It is prudent to realize that Mobile Payments will put an end to cash and card payments. Mobile Payment Service Providers will be numerous. Accordingly, ProgressSoft innovated PS-mpClear, its Mobile Payment Clearing Platform, to provide Switching, Clearing and Regulatory roles to Central Banks and Clearing Houses. Our proven solution solves the problem of inter-operability. It is a Straight-Through Processing (STP) platform which regulates, liberates the Mobile Payment Service and eliminates monopoly", expressed Mr. Michael Wakileh – CEO, ProgressSoft Corporation.

During the Mobile Money exhibition, ProgressSoft is demonstrating its countrywide mobile payment offering, which include 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.