ProgressSoft Presents its latest Solutions to Banks, Central Banks and MNOs during the Mobile Money Transfer Event

Dubai, November 2, 2011

ProgressSoft, the leading provider of Real-time Payment Solutions, commenced today its participation as the Platinum Sponsor in MMT Global, the world's largest independent mobile money transfer conference & expo, taking place on the 1st and 2nd of Nov 2011 at the Intercontinental Hotel - Dubai Festival City, Dubai.

MMT Global is a renowned venue where key stakeholders from across the entire Mobile Money Transfer ecosystem gather every year. Featuring 40+ top executive presentations and global case studies, MMT conference offers a platform for sharing real-life experiences of MMT practitioners and discussing challenges and opportunities of the industry.

The first day of the MMT conference featured a presentation by ProgressSoft's CEO, Mr. Michael Wakileh, who conveyed the company's expertise through his discussion of a Country-wide Mobile Payment Service that includes collaboration of all stakeholders: MNOs, Banks, Retail Merchants and Government.

During MMT exhibition, ProgressSoft demonstrated its mobile payment solution (PS-mPay) and mobile payment switch (PS-mpClear) which are designed to enable banked and unbanked customers to conduct various payment transactions, including Person2Person, Person2Business and Person2Government Payments, as well as Bill Payments, Point-of-Sale Payments and International Remittances. ProgressSoft's latest solution also enables and addresses the importance of having the Central Bank/Clearing House acting as owner and operator of the Mobile Payment Switch, in order to build a successful mobile payment infrastructure.

On the second day of the event, ProgressSoft hosted an exclusive dinner cruise that included the prominent attendees of the event. The guests enjoyed Dubai's most renowned cruise experience on board Bateaux Dubai and celebrated the MMT Global event success, while enjoying panoramic views of the city.

[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.