Vipera expands scope of contract with GSB Thailand
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Mobile financial services provider Vipera has increased the scope of its contract with the Government Savings Bank of Thailand (GSB) through its partner TNFIS, part of the TN Information Systems group, utilising Vipera's digital financial services platform MOTIF under license, it announced on Thursday.
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The AIM-traded firm said GSB initially purchased a license in September 2014 for 100,000 users, and a further licence in August 2015 for an additional one million users.
They had now exceeded one million users, and were purchasing a further licence to cover another million users.
It said GSB was using Vipera's technology in its mobile banking service, ‘MyMo by GSB’, providing “powerful” personal banking and financial management tools in the hands of GSB's customers via their smartphones.
Vipera said the application provided a range of value add self service capabilities to GSB's customers, including the ability to check account balances and statements for all deposit and loan accounts, money transfer to accounts in GSB and other banks as well as to other MyMo users.
In addition, users could pay loans, scan and pay bills, top up mobile phones, check GSB special prize draw results and customise their landing page.
Users also received notifications about balance changes across all accounts, with the application available for both iOS and Android devices.
“We are delighted that GSB have now exceeded one million users and are looking to further exploit the benefits of Vipera's MOTIF platform technology, ensuring that GSBs banking customers have access to the best available mobile banking experience,” said Vipera CEO Marco Casartelli.
“As well as being an important sale for the company, we will benefit from increased annual support and maintenance revenue.”