ProgressSoft Presents its Mobile Payment Solutions at the Mobile World Congress Shanghai 2016

Shanghai, July 3, 2016

ProgressSoft, the leading provider of real-time payment solutions concluded a successful participation in Mobile World Congress Shanghai 2016, for the first time. ProgressSoft exhibited its solutions in Mobile Payment technologies during the 3-day event from 29 June, until 1 July 2016.

MWC Shanghai is the largest mobile industry event in Asia where more than 53,000 unique visitors attended from 104 countries, to learn about the latest in mobile innovation presented by 1,000 exhibitors.

ProgressSoft demonstrated its countrywide Mobile Payment solution PS-mPay, which facilitates mobile payments for users both banked and non-banked, businesses and governments, in addition to Bill Payments, Direct Credits and Point-of-Sale Payments.

ProgressSoft also presented its Mobile Payment Switching & Clearing solution PS-mpClear, which is a platform for multiple Mobile Payment Service Providers in the country. PS-mpClear facilitates switching and clearing of mobile transactions, in addition to allowing the central bank to assume its regulatory role, eliminating monopoly between the Payment Service Providers.

Since its inception in 1989, ProgressSoft has been focusing its proficiency in payments and imaging technologies to deliver a set of solutions tailored for the needs of the banking and financial sectors. Operating through 6 offices in other countries, ProgressSoft nurtures a diversified client base that extends to more than 350 banks and central banks in 24 countries around the globe.

ProgressSoft solutions include Electronic Check Clearing, Mobile Payment, RTGS, EFT, ACH Payment, Corporate Banking & Cash Management, Securities Trading Settlement and Intelligent Signature Verification.