Last checked at 9 Mar 2017 07:00
9 March 2017
VIPERA PLC
("Vipera" or the "Group" or the "Company")
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.
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."
Contact:
Vipera PLC Marco Casartelli (CEO) Simon Pearce (CMO) Martin Perrin (CFO)
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Tel: +39 02 8688 2037 Tel: +44 (0) 7795 105376 Tel: +44 (0) 20 7193 0833
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finnCap Ltd (Nomad and Broker) Adrian Hargrave / Anthony Adams (Corporate Finance) Christian Hobart (Corporate Broking)
| Tel: +44 (0) 20 7220 0500 |
IFC Advisory Ltd (Financial PR and IR) Tim Metcalfe Heather Armstrong Graham Herring | Tel: +44 (0) 203 053 8671 |
Notes to Editors:
About Vipera:
Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com
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.
About Wavepac:
Wavepac Infosystems LLC is an IT Solutions provider based out of Dubai (UAE) and committed to offering its customers specialized IT solutions in an strategic partnership with focussed players like Vipera. Wavepac promoters have been engaged with Al Masraf for some key IT solutions for the past 19 years and are one of their preferred solution provider.