$426 billion mobile payments market(1) opens up for financial institutions and corporates around the world
Sibos, Toronto, 19 September, 2011 – Mobile payments are now truly a reality as Luup today launches the first universal mobile payments platform. The launch is the result of the integration of the Temenos T24 core banking application and Microsoft BizTalk with Luup’s mobile payment services platform.
Luup CEO, Martin Wilson, explained: “We believe that Luup’s new payment platform heralds a major shift in the mobile payments sector. Through Luup, banks have the opportunity to serve corporate and retail markets using a single universal mobile payments platform.2 They can now offer mobile payment services in developed and emerging markets anywhere in the world through any mobile device and on any network. This is an industry first.”
The integration of market leading applications with Luup’s platform enables Luup to provide the most advanced mobile payments managed service available. It combines the scale to deal with large transaction volumes with the mission critical standards that banks require to meet regulatory and security requirements.
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