SOURCE: Telepin Software Corporation

December 05, 2016 13:52 ET

Telepin Software Powers Valyou Mobile Wallet in Malaysia

Unique mobile financial services platform delivers affordable, convenient mobile money solutions to under-banked market

OTTAWA, ON--(Marketwired - December 05, 2016) - Telepin Software, a global leader in mobile money transaction platforms, announces that it is now powering the mobile financial services for Valyou, a Malaysian-based licensed money services business that provides multi-country international remittance services.

The Valyou mobile wallet is an easy, secure way to store and manage cash from a mobile device; a convenient e-money solution aimed at serving the under-banked segments of Malaysia, such as youths, lower income earners and migrants. It is simple-to-use, secure, offers more benefits the more one uses it, puts customers fully in charge of when, where and how they handle their cash, and it is reliable. Valyou is backed by Telepin's many years of experience in rolling out mobile financial services solutions across the globe.

Telepin powers over 40 active mobile financial services platforms with tier one mobile operators around the world; most recently announcing that it has replaced the incumbent to deliver MyZaka, the mobile financial services for Mascom Wireless, the leading wireless provider in Botswana.

"We believe that everyone can benefit from having easy and affordable access to mobile financial services, in particular to help them take control of a very important aspect of their lives -- their personal economy," said Khurram Malik, Chief Executive Officer of Valyou. "In a country with high smartphone penetration rates, and the government's continued promotion towards building a cashless society, services in the form of a mobile wallet could really be a game changer in making access to formal financial services available to many more people."

Telepin's unique software and services help mobile operators deliver robust financial services offerings to their subscriber and merchant customers. The software plugs seamlessly into existing mobile infrastructure, leveraging the investments already made in charging systems, replenishment systems, and value added service delivery platforms. Telepin is currently enabling over 45M digital wallets across all their customer networks, processing over 50 million transactions per day.

"Telepin's projects such as the Valyou mobile wallet makes money transfer easy and convenient, not limiting people to particular vendors, locations and operating hours," said Vincent Kadar, Telepin Chief Executive Officer. "We see mobile financial services adding tremendous value to smartphone users who often perform remittance transactions, for example from a foreign worker based in Malaysia, to locals with domestic helpers sending money home, to parents with children studying abroad. There is a wide user base that can benefit from our international mobile money services."

About Telepin Software

Telepin Software is a global leader in mobile transaction platforms, delivering mobile operators the most efficient and cost-effective way to control their distribution networks, maximize revenues from mobile financial services, and drive innovative mobile financial applications. Telepin's Cayman Transaction Platform enables a full suite of electronic, transaction-based applications for mobile subscribers to recharge their mobile airtime without the use of physical cards or vouchers, facilitate P2P money transfers, allow for electronic bill payments, and more, using multiple channel interfaces. Telepin's customer base includes tier-one operators in the Middle East, Africa, Asia, and the Americas. For more information, visit: www.telepin.com.

About Valyou

Valyou Sdn Bhd is a licensed Money Services Business (MSB) that provides multi-country international remittance services and an approved issuer of e-money in Malaysia. Valyou headquartered in Kuala Lumpur had 25 branches nationwide. For more information about Valyou, please visit www.valyou.com.my.

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