xpWallet and ATMSafe partner to provide safety and security for various mobile banking solutions
New Delhi, India, February 25, 2013: xpWallet, an emerging mobile wallet solution provider, today announced that the Pier Group International has successfully facilitated a partnership between xpWallet and ATM Safe, A division of Global Benefits Group (GBG). As a result, xpWallet becomes the only mobile banking solution provider which offers the protection assurance against mobile payment frauds.
As part of its mobile banking solution package and implementation services, xpWallet offers the ATMSafe protection benefit for various financial platforms: mobile cash transactions, ATM transactions and remittance transactions. ATMSafe will be provided automatically for each mobile user when they sign-up for the mobile wallet services. This program will provide customers with added security when using debit, credit and prepaid cards at automated teller machines (ATMs), as well as when making payments with smartphones - a growing trend. If a customer of a bank or financial institution experiences a financial loss when using an ATM or mobile payment, ATMSafe replaces the lost or stolen cash.
"We are privileged to have ATMSafe Global as our valued partner in mobile banking services", says Rohtas Chhabra, Vice President, Product & Technology at xpWallet Technologies Pvt. Ltd. "We are also very excited to see our revolutionary expansion in mobile banking growing sector as our opportunities and capabilities develop around the world."
Pat Merkley, President of ATMSafe Global states, "Our partnership with the Pier Group International and xpWallet is consistent with our mission to provide financial security worldwide".
"xpWallet is clearly at the forefront of developing platforms which fully respond to the needs of their customers. Their holistic approach to design and implementation of mobile banking platforms with the additional provision of security is innovative and necessary in this industry. We are pleased to be involved with this partnership and are sure this option will provide worldwide benefits." commented Paula Bohland, CEO of the Pier Group International.
About xpWallet (www.xpwallet.com):
xpWallet is an emerging next generation mobile wallet products and solution provider that offers a complete end-to-end mWallet solution suitable for telcos, banks, financial institutions or companies. The company, with its Next Generation mWallet products and mobile wallet payment solutions, focuses on delivering software to financial institutions and payment processors in Asia Pacific, Africa, Europe, the Middle East and the Americas.
About ATMSAFE Global (www.gbg.com):
A division of Global Benefits Group (GBG) and GBG Insurance Limited, ATMSafe Global develops unique products in the domestic & international ATM, mobile payment, remittance-card and money-transfer markets.
Founded in 1981, privately held Global Benefits Group serves the insurance and financial service needs of expatriates, third-country nationals and local nationals. GBG offers a multitude of insurance products - including health, life, income replacement and special risks - to individuals or groups of any size around the world. GBG has full-service administrative offices in Southern California (Corporate Headquarters); Belgrade, Serbia; Hyderabad, India; London, England; Manila, Philippines; Beijing, China; Shanghai, China; Singapore; and Vienna, Austria. In addition, GBG has local field representation in Brazil, Dubai, El Salvador, Ethiopia, Philippines, South Korea, Thailand, The Netherlands, United Kingdom and Venezuela.
About The Pier Group International (http://pierprograms.com):
Pier Group is a team of seasoned professionals with over 30 years of experience in the financial and insurance services markets. Through comprehensive product development, marketing, creative services, implementation, administration and training, the company designs targeted programs that highlight the unique strengths and characteristics of its clients’ businesses, and set them apart from the competition. Pier Group works in internationally, assisting its clients to grow their customer base, respond to market needs and increase their revenues.
For additional information, please contact:
xpWallet Technologies Pvt.Ltd.
Phone: +91 855 806 2338
ATM Safe Global
The Pier Group International