MIAMI, FL–(Marketwire – Oct 17, 2012) – Utiba, leading provider of mobile financial servicessolutions, announced today that Banco FIE, Bolivia’s leading micro-finance institution, has selected Utiba to provide the platform for its mobile wallet. The mobile wallet has proven to be an excellent means of expanding banking services to the financially underserved communities which Banco FIE was created to serve.

Twenty-six years ago FIE was born as a non-governmental organization (NGO) to promote sustainable, economic development among low-income families, who had no access to formal sources of credit.

The NGO’s successful performance encouraged its founders to create, in 1998, a private financial fund, regulated and authorized by the Bolivian Banking Superintendency to extend microcredit. Since then it has grown and in 2010 was transformed into a full-fledged bank with a continued focus on the microenterprise sector. Today FIE is one of Bolivia’s largest banks in terms of geographic coverage, with one hundred eighty four offices nationwide, and in number of customers, with more than one hundred eighty thousand individual loan customers and five hundred thousand savings accounts. The Bank has long been recognized as a leading micro-finance institution in the region and was most recently awarded “Best Micro-Finance Institution in Latin America and the Caribbean” by the Inter-American Development Bank (IADB). The IADB has recognized the banks’ excellence on three other occasions.

Banco FIE selected Utiba to provide a robust and scalable mobile financial services platform that will allow the bank to deploy a full range of mobile financial services, to be rolled out incrementally. The Utiba platform has been deployed in over 30 countries worldwide and principally by mobile network operators, financial institutions and third party payment service providers looking to provide financial services to the so called “unbanked,” which are estimated to number 2.5 billion people worldwide.

Utiba CEO for the Americas Henryk Dabrowski spoke enthusiastically about the selection saying, “We are honored to have been selected by Banco FIE for this important strategy. The bank is known for establishing best practices and a leading use of technology in the micro-finance industry in Latin America. With their superior service capabilities and our robust and flexible hosted platform together we will deploy meaningful and impactful mobile financial services in Bolivia.”

Elizabeth Nava, Banco FIE’s General Manager, emphasized that, “The technology is key to be able to provide our services to unbanked populations, as it allows us to manage our clients’ financial transactions at the lowest possible cost and greatest proximity to where they earn and spend money.”

About Utiba

Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 660 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. Utiba has partnered in joint venture with Alternet Systems, Inc. (OTCQB: ALYI) for the Americas region and with MasterCard, Validsoft, i2c, Oracle and others to develop and deploy more sophisticated mobile financial services.

For more information, visit www.utiba.com or follow us on Twitter www.twitter.com/utibamobility or contact:

Erin Clancy
eclancy@utiba.com
+1 305 747 1339

Miami, (October 1, 2012) – Utiba, a leading provider of mobile financial services solutions, and i2c, a payment processing technology company, have partnered to provide enhanced mobile financial services in the Americas region. The partnership with i2c gives Utiba’s customers the ability to issue a card, both physical and virtual, that expands the use and acceptance of Utiba’s mobile wallet at ATM machines, retail points of sale (POS) and for online purchases. These card products can be debit, credit and prepaid.

Utiba’s customers – financial institutions, mobile network operators and payment service providers – will benefit from increased end user adoption and usage, increased transaction revenues and an enhanced user experience. In the Americas region, Utiba’s customers are located in Colombia, Venezuela, Ecuador, Bolivia, Guatemala, Honduras, and Peru, with additional countries in deployment. Utiba expects to have broad regional coverage in the Americas by the end of 2013, serving a potential market of over 600 million mobile and internet users and a population of over 900 million people.

Converging Payments

The relationship with i2c is another integral piece of Utiba’s Converging Payments Strategy which was launched earlier this year with the announcement of the company’s participation in MasterCard’s Mobile Money Partnership. Utiba’s strategy calls for the expansion of mobile financial services beyond a basic tool of financial inclusion for the “unbanked,” a population estimated by the World Bank at 2.5 billion people worldwide. Partnerships with companies like MasterCard, Validsoft, and now i2c, permit Utiba to extend the acceptance of the mobile wallet and create more sophisticated mobile financial services, both of which increase mobile wallet adoption and transaction rates.

“Issuing a companion card linked to the mobile wallet expands the payment network to include existing points of sale (POS), ATMs and other outlets. This helps our customers to provide their end users with an existing payment ecosystem and acceptance network while building out their own agent networks. Our relationship with i2c is designed to give our customers the shortest possible time-to-revenue and growth,” noted Utiba regional CEO Henryk Dabrowski.

”It’s an exciting opportunity to support Utiba in their Converging Payments initiative,” said Jim Ackerson, senior vice president of i2c. “i2c’s technology adds immediate and additional value to the robust mobile product suite that Utiba offers.

Using i2c’s one global platform, Utiba can quickly roll out companion card service across the Americas region.”

About i2c

i2c, Inc. provides the infrastructure financial institutions, corporations, brands and governments need to launch and profitably manage payments and next-generation commerce products. Its global-ready product suite encompasses card-based, virtual and mobile payments, loyalty and back office solutions. Headquartered in Redwood City, California, i2c support clients on five continents from six sales and support offices worldwide.

Visit www.i2cinc.com for more information.

About Utiba

Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 660 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. Utiba has partnered in joint venture with Alternet Systems, Inc. (OTCQB: ALYI) for the Americas region and with MasterCard, Validsoft, i2c, Oracle and others to develop and deploy more sophisticated mobile financial services.

For more information, visit www.utiba.com or follow us on Twitter
www.twitter.com/utibamobility or contact:

Contacts:
i2c, Inc. Grace Keh gkeh@i2cinc.com +1.650. 480.5712
Utiba
Erin Clancy
eclancy@utiba.com +1 305 747 1339

Leveraging success of its Miami based affiliate, Utiba establishes software development center in the US

Miami, (May 31, 2012) – After three years of successfully marketing Utiba Mobility mobile financial services solutions in the Americas, Utiba has decided to expand its presence in the market and bring development resources closer to its fast growing customer base in Latin America.

Launched in early 2010, Utiba Americas is Utiba’s affiliate for the Americas region and the result of a joint venture with Miami based, publicly traded Alternet Systems (OTCQB:ALYI). Utiba Americas offers the leading Utiba end to end mobile financial service solution as a hosted service and as a traditional software license. Since its launch, the company has implemented mobile financial service solutions in Bolivia, Colombia, Ecuador and Guatemala, with further implementations under way in Venezuela, Honduras and Mexico. Utiba Americas and Utiba expect to be present in 14 countries in the Americas including the United States and Canada by the end of 2013, serving a potential market of over 600 million mobile and internet users and a population of over 900 million people.

Given the number of regional mobile payment projects the company is deploying, and the overall growth of the industry in the region, Utiba decided it made sense to locate more resources close to this growing customer base. After a careful analysis of cost and quality of the available technical talent, including software developers, Utiba executives decided to locate a development center in the region, complementing its other global development centers in India, Vietnam and Australia. The South Florida staff is in addition to the sales, marketing, implementation and technical support personnel already in place in Miami.

Continued core technology development and third party integration are also required to fulfill the objectives of the company’s recently announced Converging Payments initiative- which calls for the development and deployment of more sophisticated mobile financial services in partnership with companies like MasterCard and Validsoft.

Utiba Co-CEO Richard Matotek commented enthusiastically on the development, saying “in three short years the Americas have become Utiba’s fastest growing region worldwide, complementing the company’s large installed base in Asia-Pacific and India, and growing presence in Africa. The local development center will ensure that our customers’ needs are met in a timely manner and also advance Utiba’s Converging Payments solutions, which will bring sophisticated financial services and global acceptance to the unbanked populations of the Americas. It is very exciting and fulfilling time in the company’s history.”

About Utiba
Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 500 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. For more information, visit www.utiba.com or follow us on Twitter @utibamobility.

For more information on Utiba contact:
Erin Clancy
eclancy@utiba.com
+1 305 747 1339

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