Vipera plc (AIM: VIP), the specialist provider of mobile financial services has told DirectorsTalk this morning that is has secured a repeat sale with the Government Savings Bank of Thailand (“GSB”) through its partner TNFIS, part of the T.N. Information Systems group, utilising Vipera’s digital financial services platform MOTIF, under license.
The Company is encouraged by this sale, particularly because GSB purchased a license in September 2014 for 100,000 users. This additional license is for a further 1 million users, illustrating the appetite for Vipera’s technology. The contracted revenue is a significant and welcome contribution to the Company achieving its 2015 financial goals.
GSB is using Vipera’s technology in its newly launched mobile banking service, “MyMo by GSB” providing powerful personal banking and financial management tools in the hands of GSB’s customers via their smartphones.
The application provides a range of value add self service capabilities to GSB’s customers including the ability to check account balances and statement for all deposit and loan accounts, money transfer to accounts in GSB and other banks as well as to other MyMo users via mobile number. In addition, users can pay loans, scan and pay bills, top up mobile phones, check GSB special prize draw results and customise their landing page. Users also receive notifications about balance changes across all accounts. The application is available for both iOS and Android devices.
Vipera CEO Marco Casartelli commented “TNFIS has demonstrated how well the MOTIF platform is suited to bringing innovative and cutting edge financial applications to market quickly and cost effectively, ensuring that GSBs banking customers have access to the best available mobile banking experience. This sale represents the second largest single order we have received and we look forward to announcing further sales of this technology to major retail banks in due course.”
