ProgressSoft Concludes Remarkable Exhibition at MWC 2018 in Barcelona

Amman, March 5, 2018

ProgressSoft Corporation, a leading world provider of real-time payment solutions, concluded its successful participation at the Mobile World Congress 2018 in Barcelona.

The Mobile World Congress is the world's largest gathering for the mobile industry where industry leaders meet, network and showcase their latest products and services in mobile innovation. The event attracted over 108,000 attendees from 208 countries and territories to view more than 2,300 exhibitors offering the latest leading and cutting-edge mobile technology.

ProgressSoft unleashed the world’s first instant Mobile Payments system which provides immediate settlement of transactions using blockchain-based Central Bank Digital Currency as well as e-money. This is in addition to showcasing the new, ground-breaking Central Bank Digital Currency solution, PS-CBDC; an advanced form of cryptocurrency secured by design at its core with a one-to-one exchange rate with fiat money.

In addition, ProgressSoft showcased its Electronic Bill Presentment & Payment solution, PS-EBPP, which revolutionizes the entire billing process by offering online and real-time presentment of bill content and payment choices. ProgressSoft also demonstrated its latest advancements in electronic check clearing including the Electronic Check Issuing solution, Prompt e-Check, which allows customers to issue an e-check anytime, and anywhere; and the Mobile Remote Check Deposit Capture, Prompt mRDC, which allows customers to deposit checks directly into their accounts using their smart phones.

“At the Mobile World Congress 2018, we were delighted to launch the world's first Mobile Payments system which provides instant payments settlement using the blockchain-based Central Bank Digital Currency (CBDC) as well as e-money.” stated Mr. Michael Wakileh, CEO of ProgressSoft, “We also pioneered a new paradigm to the payments arena where payments, clearing and settlement are no more accomplished by separate systems; they are accomplished by one integral Total National Payments System that runs all functionalities.”

ProgressSoft captivated delegates and exhibitors from countries across the globe including Nigeria, Argentina, Mauritania, KSA, Sudan, Tunis, Algeria, UK, the US and more, with its latest advancements in real-time and mobile payment solutions. Delegations that visited the booth were provided with presentations and live demonstrations of the innovative suite of products developed by ProgressSoft team of experts.

ProgressSoft is eager to continue to participate in international events, launching its pioneering innovations that have consistently led to positive change in the financial sector across the globe.