Vipera to design mobile banking app for UAE bank

AIM-listed financial service provider Vipera is to design and implement a mobile banking and bill payment app for the Arab Bank for Investment & Foreign Trade (Al Masraf).

The project, which will be in conjunction with local partner Wavepac Infosystems, will see the company use its Motif platform and middleware components to enable Al Masraf's customers to use mobile technology for banking and bill payments within the United Arab Emirates.

Vipera chief executive Marco Casartelli said: "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."

Shares in Vipera were up 11.79% to 4.75p at 0841 GMT.