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Mobile payments to have better security in Mexico

Mobile payments to have better security in Mexico

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Global Mobile Payment Solutions provider Omlis have increased their presence in the Latin American mobile payments arena with a strategic partnership with Stratus Technologies Mexico, the leading provider of infrastructure based Electronic Payment Systems in Mexico, and other key South American Territories.

This strategic partnership is a statement by both technology businesses of their commitment to ensuring the full security of every single mobile payment made and to facilitate new and innovative payment products and services in Mexico. The partnership between Omlis as an innovative technology leader and Stratus. Technologies Mexico brings a highly differentiated and compelling solution to mobile commerce security in Mexico. Omlis will enable speedy regulatory compliance while adhering to current FAFT guidance therefore delivering the required secure mobile banking capability for the new regulated accounts in Mexico.

 

Markus Milsted, CEO of Omlis, added “Our partnership with Stratus Technologies Mexico signals a key change in the Mexican Mobile Payments market. Electronic Payment Systems are used literally by millions of Mexicans daily and our innovative technology ensures that every single transaction is risk free”.

Juan Pablo Gonzalez, CEO of Stratus Technologies Mexico, commented “The Electronic Payments Market

has always demanded the highest standards of security. A partnership with Omlis was the logical thing to

do in an environment where penetration of mobile payments is growing every day. Our country needed a

company that was truly reliable in security matters, and I’m glad to say that Stratus found it in Omlis”.

 

Mexico’s unbanked population rely on a secure SMS payments based system for their daily lives creating a pressing social and technological need that is inadequately served in Mexico. The partnership between Omlis as an innovative technology leader and Stratus Technologies Mexico brings a highly differentiated and compelling solution to mobile commerce security in Mexico.

Stratus currently boasts two of the three major supermarket chains in Mexico as clients, as well as processing approximately 50% of credit and debit card transactions, 60% of all cinema ticket purchases, 50% of bus ticket transactions and supporting 50% of banking services in Mexico. With such an opportunity, Omlis and Stratus present technologies that are architecturally aligned to deliver powerful, smart, highly efficient and scalable security to all mobile commerce payment transactions in Mexico’s emerging payments market.

This is a genuine partnership that will benefit Mexico and the wider Latin American market at large especially as we have also established a similar partnership in Chile, see http://www.hispanicbusiness.com/2014/7/1/omlis_and_isn_strike_a_hot.htm

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