MIAMI, FL -- (Marketwired) -- 08/29/13 --
Alternet Systems, Inc. (OTCQB: ALYI) ("Alternet" or the "Company"), a technology investment holding company focused on the complimentary, high-growth markets of mobile financial services and mobile cyber-security, announced today TchoTcho Mobile, the mobile money platform of Haiti's leading telephone company Digicel, has successfully migrated to Utiba's Mobility platform. TchoTcho Mobile is the most popular mobile money service in Haiti, allowing subscribers a quick, simple, and secure way to manage their money from their phone.
As outlined in the joint Digicel and Utiba press release dated August 6th 2013, the migration of TchoTcho Mobile to Utiba Mobility was completed in May 2013, and includes standard mobile financial transactional services, such as person-to-person and person-to-business payments; agent management; cash-in via bank and agent cash-in; government subsidies disbursement; as well as bill payments, lottery payments and international remittances. Additionally, the Utiba Mobility platform allows for the ability to incorporate new features as needed.
Renowned for delivering the best value, service and network to customers and agents in 36 markets worldwide, Utiba's Mobility platform was selected by Digicel in 2012 with the strategic objective to create a new and improved base system to be utilized across select operations. The mobile commerce agreement with Digicel is being carried out by Utiba Americas, a joint venture between Utiba Pte. Ltd. and Alternet Systems. Utiba Americas is focused on deploying mobile financial services solutions to mobile network operators, financial institutions and third party payment service providers throughout the Americas region.
Mr. Henryk Dabrowski, CEO of Alternet Systems, commented on the completed migration, "We are very pleased and encouraged by Digicel's timeliness and efficiency in migrating TchoTcho Mobile to Utiba's Mobility platform and are confident they can continue on this trajectory with their other operations over the next 2 years. Once completed, Digicel users will have easy access to a variety of mobile money services to meet their banking needs, and Digicel will have a comprehensive platform that will no doubt set the bar very high for their competitors moving forward."
ABOUT TCHOTCHO MOBILE
Digicel's TchoTcho Mobile is the first mobile phone-based financial service launched in Haiti. For 3 years, TchoTcho has pioneered an interconnected ecosystem of agents, merchants, and customers with the goal of easing the burden of financial transactions in Haiti. By providing subscribers with a quick, simple, and secure way to perform financial transactions from their phones, TchoTcho strives to innovate and create while ensuring the service's simplicity and ease of use. With TchoTcho, subscribers can pay for goods and services; withdraw and deposit cash via agents and banks; recharge their telephones; receive government subsidies, and purchase lottery credit. New programs, such as savings programs and other innovative financial services, are continually researched and developed as applicable. Visit http://digicelhaiti.com/tchotcho/en/ for more information.