Telupay International Inc. OTCQB: (TLPY) $TLPY has a

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Telupay International Inc.
OTCQB: (TLPY)

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Telupay International Inc. (TLPY)
Given that 6 billion people have access to a mobile phone, the mobile payment opportunity is enormous. Studies by Visa show that Americans are twice as likely to carry a phone as cash; those between 18 and 34 are four times more likely. Mobile payments doubled between 2012 and 2013 to $1 billion. eMarketer predicts mobile payments will top $58 billion by 2017, and phones are just the beginning of e-cash. Mobile payment systems also promise to help governments run smarter, especially if they result in less use of cash. Cash currently floats around pockets, registers, and mattresses unaccounted for. If economists and statisticians could analyze the movement of money in real time, underlying patterns might help show the causes of poverty, bubbles, or inefficiencies.
TelUPay and Celluserv complete prepaid mobile airtime pilot in Guam; now moving forward to full rollout in Guam and Micronesia.
NEW YORK, Oct. 27, 2014 /PRNewswire/ -- TelUPay International Inc. (TLPY), through its Dubai subsidiary, TelUPay (M.E) FZE, has successfully completed its pilot program testing its secure, electronic, Prepaid Mobile Airtime system servicing the Micronesia region. Celluserv utilizes TelUPay's PIN distribution system with a direct interface to Mobile Network Operator (MNOs) systems, to electronically distribute prepaid mobile airtime.
The live pilot was conducted from March through June 2014 in seven Payless Supermarket locations with Docomo Pacific, the largest MNO in Guam. The pilot was very successful with TelUPay's service now accounting for 35% of the prepaid mobile airtime transactions.
"We are very pleased to see such a positive response as Guam residents gain confidence with TelUPay's prepaid mobile airtime service," states Mr. Adrian Ansell, CEO of TelUPay. "Celluserv and TelUPay plan a full rollout of the service to Guam retailers once the NCUA approves the service; such decision expected in November 2014."
ABOUT
In late 2009, the founders of TelUPay noticed the opportunity and necessity of building a "bank-grade," secure, mobile banking and payment platform. The founders reached out and found an enterprising team of young men that built Globe Telecom's mobile remittance platform for G-Cash in 2005. These pioneers in mobile banking came together with the founders and formed TelUPay in early 2010.
TelUPay International Inc. (OTCQB:TLPY) is the parent company of the TelUPay Group, which has developed the “Next Generation” of secure mobile banking and payments technology designed for banks, mobile operators (MNOs), money transfer operators (MTOs), payment processors, retailers/merchants, credit card companies, microfinance, large corporations and other financial institutions.
The TelUPay Group customizes its services and continuously develops new mobile applications that derive new revenue streams for its clients. Using best-of-breed technology, TelUPay’s bank-grade mobile banking and payment service uses the most secure encryption technology available today for both the bank and the end-user. TelUPay’s mobile service includes; transfers between accounts, peer-to-peer fund transfers (remittances) both domestically and internationally, bill payments, merchant payments, mobile airtime purchases, balance inquiries, mPOS transactions, both Card Present and Card Not Present and a host of other services designed to provide the ultimate convenience to the consumer at the lowest possible cost.
PRODUCTS & SOLUTIONS:
mWallet

TelUPay's mWallet is a stand-alone, server-side, mobile account technology specifically designed for Mobile Operators, Money Transfer Operators and other large network operators. TelUPay's mWallet is a full-featured mobile account with all the security (encryption) and functionality that is found in TelUPay's MBPS service. The low cost operation of mobile mWallet accounts provides TelUPay's clients with the maximum flexibility in its marketing initiatives and customer acquisition/retention strategies.
TelUPay's system can be configured where unbanked consumers get an mWallet account upon enrolling in the service. Unbanked consumers must comply with the appropriate KYC requirements. The unbanked consumer would load their accounts with funds via POS terminals or at participating banks or other merchant encashment locations.
Mobile ATM (ATM Lite)
Mobile ATM (ATM Lite)
This product enables consumers to have all the facilities of an ATM service. Registration with the user's bank allows the consumer to pre-authorize an amount of money to be available to spend. This can be in the form of paying for goods and services or enabling fast cash access. Registered retailers will be linked to the users mobile and be paid securely for goods or guaranteed finds when offering cash back.
The available funds are held centrally in a Nostro account on behalf of the participating bank. Settlement can be done daily or more frequently. The benefit to the consumer is ready access to liquid funds whether holding a bank account or not. The benefit to the retailer is they can reduce their cash holding and therefore save costs, and the benefit to the banks is they retain access to the "available "funds until they are spent.
ATM API
ATM API
TelUPay's portfolio of its '4th Generation' technology is an ATM enabling technology which leverages banks existing global investments in ATM networks to compliment them by:
Assist them to compete in a 'declining demand for cash market' by enabling mobile real-time money.
Assist them to compete in a market where 'debit cards' diminish the need for cash withdrawals by competing with the cards as the method of consumer preference.
Produce significant new revenues leveraging the faster ATM networks for multiple channels including, mobile point of sale, mobile retail cash withdrawals and mobile billing.
Enable customer retention against competing products and the ability to compete with startups.
Enable the future design of far more intelligent consumer and value added strategic retail products for the future markets, which will facilitate both Bank and Consumer benefits.
Press

TelUPay and Celluserv complete prepaid mobile airtime pilot in Guam; now moving forward to full rollout in Guam and Micronesia.PR Newswire(Mon 9:00AM EDT)

TELUPAY INTERNATIONAL INC Files SEC form 8-K, Other Events, Financial Statements and ExhibitsEDGAR Online(Mon, Oct 20)

1Bro launches TelUPay's proprietary mobile banking and payment service to their network of 30,000 agents.PR Newswire(Thu, Oct 9)

TelUPay, Together With Megalink, Supports MASS-SPECC COOPERATIVE DEVELOPMENT CENTER Efforts To Promote Mobile Banking Services To Its Member-Cooperatives.PR Newswire(Thu, Oct 2)

CARD Bank and CARD MRI's IT Company signed tripartite agreement with TelUPay for a secure mobile financial service for micro-finance clientsPR Newswire(Wed, Sep 3)

TELUPAY INTERNATIONAL INC FinancialsEDGAR Online Financials(Thu, Aug 28)

TELUPAY INTERNATIONAL INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and ExhibitsEDGAR Online(Wed, Aug 27)

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