mChek, a leading provider of Mobile Money Solutions, announced that it is certified by Western Union as a Mobile Money Transfer Vendor. Whether for sending money or receiving money, Mobile Network Operators (MNOs) around the globe can now use the mChek platform as their technology service provider platform and partner with Western Union to offer Money Transfer Services to customers through a turnkey hosted service and introduce these services in a matter of a few weeks.
This reduces integration costs and accelerate go-to-market activities for banks and mobile operators by creating standard technical deployments. Once a bank or mobile operator contracts with Western Union to activate the Western Union Mobile Money Transfer service, its consumers will be able to send and/or receive money through Western Union’s money transfer system. Western Union has a global agent network of more than 350,,000 locations in over 200 countries and territories.
The mChek service for Mobile Banking, Payments and Commerce is currently live in India with Bharti Airtel, Tata Indicom and Tata Docomo, and in Sri Lanka with Dialog Telekom. The service is also being piloted in other countries in Asia and Africa. Following a direct contractual relationship with Western Union, a mobile operator and mChek can potentially offer cross-border Mobile Money Transfer – whether for sending, receiving or disbursing money -in countries wherever cross-border Mobile Money Transfer is permitted by banking regulators.
mChek offers a hosted service for Mobile Money Transfer and secure payments using credit cards, debit cards, bank accounts and stored-value wallets. mChek is certified PCI-DSS 1.2 and ISO 27001. SIM Toolkit, J2ME/BREW, WAP, IVR and USSD platforms are supported in a seamless manner, and can be launched in 30 to 60 days. mChek’s payment platform is approved by Visa and certified on leading SIM card platforms including Gemalto, Oberthur, G&D, Sagem/Syscom, Watchdata and Sharon Solutions. mChek is live in India to customers of Bharti Airtel (110 million subscribers), Tata Indicom (40 million subscribers) and in Sri Lanka with Dialog Telekom (6 million subscribers). [prwire]