Utiba is proud to participate as a silver sponsor and speaker at the Retail Banking Asia- Pacific 2010 starting from 12th-13th July’10, in Singapore. It’s a key forum for members of retail banks and other financial services institutions in the Asian financial market.

During the event, Justin Ho, Co CEO, Utiba will be presenting and sharing viewpoint on “Budget banking models paves the way forward”.

We welcome you to come and attend the event at InterContinental Hotel, Singapore. If you would like to schedule a meeting with us during the event, please send us an email marketing@utiba.com.

We look forward to meeting you there.

A Article by Justin Ho, Co CEO Utiba in the recent issue of Connect world Mobile finance - a service revolution, talking about how mobile industry growth will come from subscribers in rural areas and developing economies where access to conventional financial systems and services is lacking.

Mobile financial services will be an important driver of mobile use; they let subscribers perform a wide variety of secure transactions - banking, payments, international remittances, loan operations - without needing a bank account.

Please find enclosed the link to the article –
http://www.connect-world.com/articles ... cle.php?oid=AP_II_2010_06

FOR IMMEDIATE RELEASE:

SINGAPORE, 26th May, 2010: Utiba, a leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, is pleased to announce that their affiliate, Utiba Americas, has been engaged by Globalcash, to deploy mobile financial services platform in Ecuador.

Utiba Americas is a joint venture between Alternet Systems and Utiba Pte Ltd, to deploy a SaaS (Software as a Service) platform in the Americas and the Caribbean region with a focus on mCommerce and mobile financial services including mobile remittances, micro finance and mobile banking.

Gales Chiriboga, President of Globalcash expressed enthusiasm for the relationship, stating “Globalcash, through a series of business alliances and deploying Utiba’s world class technology, will ensure that both the unbanked and underbanked population of Ecuador have easy and affordable access to high quality financial services, using a country wide network of non-banking agents and incumbent mobile infrastructure. We are excited to launch the mobile wallet services in Ecuador. After following the mobile money success in the Philippines and some other developing markets, we have decided to adopt a similar approach in the region. We are ready to serve the Ecuadorian market”.

Commenting on this development, Justin Ho,Co CEO, Utiba said “This first agreement represents an important first step for our affiliate, Utiba Americas. With Globalcash, we will revolutionize the mCommerce services in Ecuador, a country with tremendous potential. Utiba looks forward to contributing its more than ten years experience and success in deploying mobile commerce services in developing markets, to the development of the Ecuadorian mCommerce market, with Globalcash.

Speaking on the occasion, Henryk Dabrowski, CEO Utiba Americas added “Collaboration with Globalcash opens a new wave of impressive possibilities for both companies. The agreement with Globalcash is an important step towards strengthening our foothold in the region. We are excited about the suite of platforms and services that Utiba Americas platform will enable, from money remittance, microfinance, bill payment, to mobile wallets and micropayment, to name only a few of the many possibilities.”


About Utiba Pte. Ltd.
Founded in 2001, Utiba focuses on developing scalable, flexible and modular Mobile financial transaction platforms. The domain covered by its products ranges from Airtime distribution to airtime share to retail banking to domestic & international remittance and so on. Utiba’s provides the mobile financial transaction solutions to MNOs, Banks and Third party PSPs alike, while the solutions have also found profound traction in the Microfinance and rural banking industry. Today Utiba’s products are successfully deployed across 15+ countries with more than 20 customers, both Banks and MNOs. For more information, visit www.utiba.com.

About Alternet Systems Inc. (www.alternetsystems.com)
Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services in the Americas and Caribbean. Alternet has regional presences in 17 countries throughout the region through a network of fulfillment partners and agents. Alternet's subsidiaries provide a comprehensive suite of hosted and Software as a Service (SaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Alternet subsidiaries include Utiba Americas, a joint venture with Utiba Pte Ltd., the leading provider of mobile payment and financial transaction software and Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing services.
About Globalcash S.A. (www.globalcash-ec.com)
Globalcash S.A. is an Ecuadorian Company founded in 2010 with the principal objective of providing mobile money services to the unbanked population of Ecuador. Globalcash is working with Government agencies that are chartered to reduce the poverty in the country.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For more information on Utiba contact:
Ritesh Andley
Ritesh.andley@utiba.com;

Madhvi Sethi
Madhvi.sethi@utiba.com;
+91 9899783541

Media Contact at Alternet:
Erin Clancy
VP Marketing
eclancy@alternetsystems.com



Press Coverage:-

CIOL- Globalcash uses IT to fuel mCommerce in Ecuador -
http://www.ciol.com/Enterprise/BFSI/N ... erce-in-Ecuador/136830/0/

Indiainfoline- Utiba inks pact with Globalcash - http://www.indiainfoline.com/Markets/ ... ith-Globalcash/4848407333

The Financial Express- Utiba signs deal with Globalcash for MFS in Ecuador - http://www.financialexpress.com/news/ ... or-mfs-in-ecuador/626765/

Express India -Utiba signs deals with Globalcash for MFS in Ecudor- http://www.expressindia.com/latest-ne ... or-MFS-in-Ecuador/626765/

Utiba Now Certified in Western Union’s Mobile Vendor Program

Utiba, a global technology leader in the space of mobile financial transaction systems, today announced that it has been certified to participate in Western Union’s Mobile Vendor Program.

The program – formerly called the Digital Vendor Program – is designed to extend the reach and accessibility of Western Union Money Transfer® services to mobile financial initiatives in Latin America, Africa, Middle East and Asia.

Utiba can now support Western Union services in its mobile wallet and mobile banking platforms. The certification will technically enable Utiba’s clients (mobile operators and banks) to facilitate Western Union Mobile Money Transfers.

“We are proud that Western Union entrusted Utiba to successfully complete its certification program and be a key participant in expanding the mobile financial services ecosystem,” said Richard Matotek, Co CEO, Utiba. “Millions of users across the world who have been using the 350,000+ Western Union locations around the world to send money are now closely linked to mobile wallets, helping us taking a huge leap towards our Vision of Empowering Everyone to make Mobile Payments. We have already been able to extend this interface to our customers in Philippines and look forward to working with Western Union to enrich the service offerings to our existing and prospective customers.“

The goal of Western Union’s Mobile Vendor program is to reduce 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.

About Utiba Pte. Ltd.
Founded in 2001, Utiba focuses on developing scalable, flexible and modular Mobile financial transaction platforms. The domain covered by its products ranges from Airtime distribution to airtime share to retail banking to domestic & international remittance and so on. Utiba’s provides the mobile financial transaction solutions to MNOs, Banks and Third party PSPs alike, while the solutions have also found profound traction in the Microfinance and rural banking industry. Today Utiba’s products are successfully deployed across 15+ countries with more than 20 customers, both Banks and MNOs. For more information, visit www.utiba.com.

For more information on Utiba contact:
Ritesh Andley
Ritesh.andley@utiba.com;

Madhvi Sethi
Madhvi.sethi@utiba.com;
+91 9899783541

Utiba has appeared in African Wireless Communications Yearbook 2010. The Yearbook is a definitive guide to Africa's wireless landscape and includes a review of the African year, exclusive interviews, crucial statistics and a comprehensive technology Buyer’s Guide.

The article provides an overall look at the mobile banking scenario in Africa and carries Farhad M Madan Assistant Vice President, for Business Development, Utiba quote statingthat " Utiba expertise lies in creating a true mobile commerce eco-systems, where users are able to remit amount to anyone anywhere in the world, knowing only their mobile number".


You can download the article.