Affinity Mobile has formed a new alliance with mFoundry (News - Alert) to deliver prepaid and postpaid mobile wallet services and solutions to banks and mobile operators all over the world.

 

The company’s MADE platform provides secure mobile transactions and offers turnkey managed services for customers such as mobile network operators, financial institutions, retail merchants and remittance companies, in order to provide faster time to market, with reduced risk and greater profitability.

 

California based mFoundry is a mobile application platform provider. Its Spotlight Financial Platform software offers a secure solution for mobile financial ecosystems.

 

The Spotlight Financial Platform incorporates mFoundry’s leading mobile banking and payments products and has been adopted by some of the largest banks and operators in the United States. The platform is designed to be an affordable solution for banks of all sizes.

 

Affinity Mobile’s MADE solution has been integrated with mFoundry’s Spotlight Financial Platform software to develop a mobile wallet solution for U.S. and international markets.

 

“The majority of mobile subscribers around the world use prepaid services and lack financial system access,” said mFoundry chief executive officer and co-founder Drew Sievers (News - Alert), in a statement. “Our platform is made to be open and flexible so that best of breed providers can come together easily and seamlessly. With Affinity Mobile’s open technology and solutions, we will bring to market an even more comprehensive and compelling mobile wallet solution to address these unmet needs.”

 

Affinity Mobile is now able to offer its customers services such as international money transfers, airtime top-ups, instant access to prepaid debit accounts and bill payment. Approximately 75 percent of the world population have access Affinity Mobile’s MADE, even in locations where traditional financial services are not accessible.  

 

“Mobile financial services is an enormous opportunity to empower the under banked markets and address the real need for more cost effective and accessible financial services,” said John Carney, chief executive officer for Affinity Mobile, in a statement.  “We see great potential in our alliance with mFoundry to deliver a comprehensive set of postpaid and prepaid solutions that banks and mobile operators can take advantage of in these markets.”