Mi-Pay wins IAMTN award for "Most Innovative Company in Money Transfers"

Date: 23/11/2009

Mobile handset Money Transfer Solution Steals the Spotlight at GMTS Summit

Leading mobile money provider Mi-Pay, has been selected as the "Most Innovative Company in Money Transfers" by the International Association of Money Transfers (IAMTN), the trade body that represents the global money transfer industry. The prestigious award was presented by the RT Hon Lord Lamont of Lerwick, Honorary President of the IAMTN, during the Global Money Transfers Summit (GMTS) in London on 11th November in front of business leaders from money transfer companies, banks, regulators, suppliers, inter-governmental agencies, technology companies and international legal firms.

The Award was made in recognition of Mi-Pay's agent-based money transfer solution which has allowed operator independent services to be deployed in challenging countries, such as Sudan. Also acknowledged was Mi-Pay's persistent work with regulators to help bring robust, secure and reliable mobile financial service platforms to the industry. The Award coincides with Mi-Pay's fifth anniversary: which makes it one of the most experienced mobile money service providers in the world as well as the most innovative.

Speaking on behalf of the IAMTN, RT Hon Lord Lamont stated, "We are delighted to present this award to Mi-Pay for its consistent delivery of innovative and flexible mobile money transfer platforms which overcome many of the challenges associated with bringing mobile financial services to rural and remote communities."

As a truly global lobbyist of the remittances industry, IAMTN raises awareness of importance of the money transfers as one of the most dynamic sectors of the world economy as well as a widely spread social phenomenon. The Award forms a key part of IAMTN's role by highlighting excellence and recognising best practice.

Leon Isaacs, Managing Director IAMTN added, "During the past year, Mi-Pay has demonstrated tremendous innovation in both solutions and its approach to markets. Its foresight and technical expertise has enabled it to take mobile money transfer into areas that were previously impossible; creating new opportunities for social and economic growth and greater financial empowerment for previously disenfranchised populations."

The award was accepted by Norman Frankel CEO of Mi-Pay who commented, "We are delighted to receive this recognition of our efforts in driving mobile transfer services to new markets, through new channels, using innovative solutions. This is a tremendous accolade for our company and a terrific endorsement for our customers, partners and team whose dedication has made the agent-based service roll out in Africa a success. We thank the IAMTN for its endorsement and look forward to continuing to deliver affordable, commercially viable mobile money transfers solutions that reflect the realities of the modern world. "