Siemens to launch walletXpress
Dubai, October 30, 2011
Siemens will launch its new walletXpress mobile payment platform, which offers new services and products in the area of multimedia, ticketing, energy and health, at the upcoming Mobile Money Global Conference and Expo to be held in Dubai.
Dr Francesco Prato, sales director of Siemens, said that the company will demonstrate the walletXpress platform for the unbanked and developing countries as well as its evolution in other verticals, such as multimedia systems, and show how NFC technology is supported, at the annual conference which will take place on November 1 and 2.
“There are hundreds of mobile payment solutions on the market, most of which are IT-based. Very few are Telco-based. Siemens is convinced that, in order to fully benefit from a mobile payment solution, a carrier-grade solution like walletXpress is a must. The system has to be reliable, secure and scalable enough to meet today’s needs and take advantage of tomorrow’s opportunities,” he said.
To deploy mobile payment, no big investments are needed. “You can start small and grow big while rolling out new services. There is no need to replace or upgrade expensive hardware,” he added.
Dr Prato is one of the headline speakers at the conference, with a presentation on “The Evolution of Mobile Payment on one platform”. – TradeArabia News Service