Unified Signal, Inc's Mobile Wallet Software Solution Chosen to Launch Mobile Payments in Serbia
Kirkland, WA -- (Marketwired) -- 1/14/2015 – Unified Signal, Inc. (OTCQB: UNSI)), a leading software system in the telecommunications and mobile payments industry, today announced that it has received approval from the Central Bank of Serbia to enable the country of Serbia with its 7+ million population with the company’s innovative and secure mobile wallet technology. Once deployed, the technology will allow Serbian expats in the US to move money to people living in Serbia and vice versa. Money will be transferred in real time to the recipient and for a fraction of the cost of industry competitors. The system will also allow for all people living in Serbia to freely pay for goods and services using their mobile phone.
Unified Signal's Chief Executive Officer, Paris Holt, stated, "Our executive team along with our Serbian Partner Pay2u, met with many executives with the Serbian central bank and eventually with the Governor of the Central Bank, Jorgovanka Tabakovic. At the end of 10 days of meetings, we were able to get the official approval to launch and integrate our systems into the Serbian banking system. We will be enabling every major retailer and utility company in the country to accept payments with this technology. Within the next year, we will bring Serbia into the technological forefront in relation to mobile payments. Our team is excited as we will be making a very large and positive impact on an entire country and with a nation that we are very proud to be working with. As I found out very quickly, Serbians are very proud of their history and the country is full of very hard working people and innovative thinkers.”
Unified Signal’s mobile wallet platform has been under development for the last 7 years and has been deployed in the US for the last 2 years. Unified Signal also supports US based MVNOs (Mobile Virtual Network Operator). MVNOs account for about 25% of US wireless subscribers and use the wireless carrier’s network spectrum to offer private label wireless services to its end customers. Unified Signal’s MVNO enablement suite and mobile wallet suite provides a completely turnkey back office solution for its clients including billing and rating, customer service, revenue assurance, payment processing, and fulfillment services.
Paris Holt, also commented, "The international expansion of our mobile wallet into Serbia is just the beginning. We already have green lights to expand into surrounding countries such as Croatia, Bosnia and Herzegovina, Montenegro, Kosovo, Macedonia, and many additional countries in Eastern and Western Europe. I believe that our reliance on physical currency is coming to an end. It’s our mission to enable money movement and mobile payments all across the globe making money transfer and paying people electronically cheaper, easier, and most importantly more secure to complete. Our system can also link into other payment systems to create a clearing house of sorts with other technologies so customers can have one system that can interconnect with the 100s of mobile wallet technologies that are popping up around the world.”
Vlejko Vladovic, Director of Pay2u states, “We are so pleased with the Unified Signal mobile wallet platform. It’s going to slingshot our country into one of the foremost innovative countries in the world in terms of mobile payment technology. There are over 500,000 expats in the US alone that move well over 2 Billion USD into Serbia every year. Currently moving money is slow, time consuming, and very expensive for consumers. Our mobile wallet product set powered by Unified Signal allows us to save our customers time, money, and when bundled with our wireless services with international calling, they can easily and cost effectively keep more in contact with their loved ones abroad. 2015 is going to be an epic year for our company and our country.”
Predrag Ćulibrk, Chief Executive Officer of Telecom Serbia states, “Telecom Serbia, which is our country’s premier wireless carrier, is very excited about our Joint Venture with Pay2u and Unified Signal. We have already invested a great deal of money in 2014 to provide the banking and retail infrastructure needed to ensure that we can get this mobile wallet product suite distributed to every person living in Serbia. All of our wireless customers will be able to add this product suite to their wireless account which will provide the mobile payments platform with a quick and easy launch path. Telecom Serbia has over 90% market penetration of wireless and wireline customers in the country, so this gives us a great launching pad for this newly innovative and exciting product suite. We are always looking for products like this that can save our customers money and time, which for us simply translates into happy customers.”
About Unified Signal
Unified Signal, Inc (OTCQB: UNSI) is a SaaS (software as a service) based billing and back office platform, which enables companies in virtually any industry sector to launch cellular, as well as mobile wallet services using their existing brand. Unified Signal's SaaS platform and infrastructure allows clients to implement faster, have more control over the system with feature rich tools, while being more cost efficient than other solution providers. Unified Signal's turnkey telecom and mobile wallet billing platform allows its clients to sell, provision, fulfill, and care for multiple telecom services, including pre and post-paid cellular, local, long distance, Internet, and now mobile banking. Unified Signal's platform is integrated with most major U.S. carriers as well as banks and wireless carriers across the world. The platform also allows clients to private label mobile banking services including a full mobile wallet linked to a prepaid debit card. www.unifiedsignal.com
Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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