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Newcastle Upon Tyne, Tyne And Wear, United Kingdom, 2014/07/07 - Mexico’s unbanked population rely on a secure SMS payments based system for their daily lives creating a pressing social and technological need. Omlis and Stratus Mexico bring a highly differentiated solution to mobile commerce security in Mexico.
Global Mobile Payment Solutions provider Omlis have further strengthened 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.
With more brand and market leading clients than any other infrastructure based Electronic Payments Systems technology provider in Mexico, Stratus Technologies Mexico are a significant provider of payments systems that are adopted by consumers as part of their daily lives. Stratus currently boasts two of the three major supermarket chains in Mexico, 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.
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”.
Research published by Ericsson Consumer Lab June 2013, ranked Mexico as joint first place for M-commerce adoption in Latin America alongside Chile. Mexico currently enjoys an M-commerce adoption rate of 31% with a mobile penetration rate of 87% of which 20% are smartphones. IE Market Research Corp forecasts the gross transaction value of mobile payments in Mexico to rise to $10.3 billion by 2015. The fact that a high number of Mexico’s unbanked population rely on a secure SMS payments based system for their daily lives creates pressing social and technological needs that are currently inadequately served in Mexico.
“We are delighted to establish a powerful partnership with Stratus Technologies Mexico, who we recognise as a world class business that supports the most important global brands and market leading organisations. Omlis brings an unbreakable security, massive scalability and greatly enhanced efficiency to mobile payments. Together we can serve and support the mass adoption of secure mobile payments in the Mexican economy.” John Stuart, Chief Commercial Officer at Omlis.
Mexico is the prime Latin American market for Omlis to further establish its position as one of the leading providers of innovative and elegant mobile security technology to the strategic emerging markets where the mass adoption of mobile payments is a key consumer behavior. The decision of Stratus Technologies Mexico to partner with Omlis is an extremely positive move ensuring full mobile security for mobile payments in Mexico while further improving on their impeccable reputation.
With the eyes of the mobile payments world focused on the adoption of mobile payments in emerging economies, Omlis and Stratus Technologies Mexico have created a partnership that keeps the focus of many players in the Mexican mobile payments ecosystem fixed on what potentially could be catalyst for accelerated adoption of mobile payments in Mexico.