Utiba signs deal with Globalcash for MFS in Ecuador

Gales Chiriboga,President of Globalcash expressed enthusiasm for the relationship,stating “Globalcash,through a series of business alliances and deploying Utiba’s world class technology,will ensure that both the unbanked and underbanked population of Ecuador have easy and affordable access to high quality financial services,using a country wide network of non-banking agents and incumbent mobile infrastructure. We are excited to launch the mobile wallet services in Ecuador. After following the mobile money success in the Philippines and some other developing markets,we have decided to adopt a similar approach in the region. We are ready to serve the Ecuadorian market”.

Commenting on this development,Justin Ho,Co CEO,Utiba said “This first agreement represents an important first step for our affiliate,Utiba Americas. With Globalcash,we will revolutionize the mCommerce services in Ecuador,a country with tremendous potential. Utiba looks forward to contributing its more than ten years experience and success in deploying mobile commerce services in developing markets,to the development of the Ecuadorian mCommerce market,with Globalcash.

Speaking on the occasion,Henryk Dabrowski,CEO Utiba Americas added “Collaboration with Globalcash opens a new wave of impressive possibilities for both companies. The agreement with Globalcash is an important step towards strengthening our foothold in the region.”