From the advfn board14 Mar 2017 12:46
About Al Masraf
Arab Bank for Investment & Foreign Trade (Al Masraf) was established in November 1975 in UAE.
Al Masraf offers a full range of financial services including Consumer Banking, Corporate Banking, Islamic Banking and Treasury & Investment services to help customers build & manage their finances. Al Masraf values encourage them to constantly update their products and services in order to meet the diverse and evolving needs of their customers.
Contract with Al Masraf
Vipera (AIM:VIP), the specialist provider of mobile financial services, is pleased to announce that, in conjunction with its local partner Wavepac Infosystems LLC, it has entered into an agreement with the Arab Bank for Investment & Foreign Trade ("Al Masraf") for a multi phase project covering the design, development and implementation of a mobile banking and bill payment solution.
The project will utilise Vipera's Motif platform and Motif middleware components to deliver a state of the art solution to Al Masraf. Once implemented, Al Masraf's customers will be able to utilise the latest Vipera mobile technology for banking and bill payment within UAE.
The Motif platform supports the use of smartphones and wearables for banking & payments and will enable Al Masraf to deliver a range of banking, payment and value added services in the future.
In relation to our latest contract win:
Vipera CEO, Marco Casartelli commented: "We are very pleased to be working with Al Masraf to implement our Motif mobile banking and bill payment solution. By using our Motif platform Al Masraf will gain access to the state of the art mobile banking solution, enabling them to quickly and effectively add this capability to their service offering."