There are over 3 billion mobile phones in use worldwide today. Soon, every one of them will be transformed into a handheld bank, or offer some form of payment function to its users. This incredible growth in access to mobile telephony has created the opportunity of delivering new financial services to markets previously inaccessible.
By leveraging innovative technology, developing product value, and utilizing existing mobile networks and various other distribution channels worldwide, MPOWER Mobile is leading the industry in realizing this opportunity plus more.
Founded in 2005 as Sapphire Mobile Systems, Inc., and post investment by MPOWER Ventures, LP in 2007, the company now operates as MPOWER Mobile, Inc. and is focused on the development of mobile payment applications for the empowerment of the world’s underserved and under-banked.
The company’s payment product offerings are revolutionary, innovative, compelling, and yet simple to use for end consumers. Through MPOWER Mobile’s YAP product suite, individuals, consumers, and merchants will buy, sell, and transfer with the simplicity of text-messaging.
From direct-to-consumer programs, to small-business applications, to enterprise-level payment systems, the technology of MPOWER Mobile delivers financial access to the masses—and a powerful opportunity for the financial services, telecommunications, and retail industries.