Movilway arrives in Chile with electronic top-up platform

Top Quote Movilway, technological company specialized in the market of Latin America, is now present in Chile to offer Electronic top-up for prepaid users and introducing the Movilway e-Wallet. End Quote
  • (1888PressRelease) May 28, 2011 - Madrid - Users will be able to recharge their phones in a secure and easy way.Topping -up can be done at any time and as often as the client whishes, since there are no additional costs for maintenance involved. Users can top-up through the mobile phone at the point of sale device (POS) or directly through Movilway´s online interface

    - Movilway invests over 6- Movilway invests over 6 millions of dollars in mobile service in Chile
    - The company has a high-level technological platform, already successful in several continents.
    - By the end of the year will expand prepaid-services up to150.000 strategic points of sale

    Since the beginning of their operations in that region, the company is experiencing a constant growth. With a solid financial backup, Movil
    way starts this new business and invests 6 millions of dollars in Chile. It is considered one of the most attractive markets of that region, with enormous opportunities.

    According to recent data provided by the Sub-secretary of Transport and Telecommunications, since December 2010 prepaid services achieved 75% of Mobile users in Chile. Movilway is aware of the potentials of this service and starts a new move in this emerging market.

    Since the beginning of the year 2010, the company has developed electronic recharge business in Argentina, Colombia, Peru, Panama, Ecuador and Mexico. By the end of 2010, Movilway will reach over 150.000 points of sale.

    Companies offering Movilway top-up service will benefit from this new Business model increasing their income and soon amplifying their service with the Electronic wallet Movilway.
    Dan Cohen, CEO of the company affirmed that the top-up service in Chile is only the beginning. It will change the payment system and the function of the Mobile phone in the country. Soon we will start to incorporate the service of the e-Wallet. Beside the ability to recharge balances, Mobileway offers an innovative Mobile banking service. Users will be able to make payments and other commercial transactions through their Mobile phone.

    Movilway is one of the leading electronic top-up service platforms in Latin America. Since 2010, Movilway's initial strategy has focused on leveraging its coverage, presence and alliances in the Latin American wireless space, quickly establishing itself in the prepaid airtime marketplace. Movilway is now entering the next phase of its development, building and deploying a robust and comprehensive mobile money transaction platform ("e-Wallet"),targeting Latin America's "unbanked" mobile subscriber base.

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