Luup International Ltd. unveiled what it calls the first universal mobile payments platform, the result of the integration of the Temenos T24 core banking application and Microsoft BizTalk, with Luup’s mobile payment services platform.

The company is headquartered in London and has offices in Norway and the United Arab Emirates.

Luup CEO, Martin Wilson, said: “Through Luup, banks have the opportunity to serve corporate and retail markets using a single universal mobile payments platform. 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. We have created an international remittance eco-system for banks and corporates, connecting senders and receivers of funds across the globe,” Wilson added.

The integration of market leading applications with Luup's platform enables Luup to provide the most advanced mobile payments managed service available, it said. It combines the scale to deal with large transaction volumes with the mission-critical standards that banks require to meet regulatory and security requirements.

Luup operates in developed and emerging markets. In global markets, Luup enables banks to offer new mobile services for their corporate customers, while among large unbanked populations in emerging countries, a branchless mobile banking service is being created to address the financial inclusion agenda.


http://www.luup.com/news-and-events/press-releases/$426-billion-mobile-payments-market-opens-up-for-financial-institutions-and-corporates-around-the-world-sibos-2011.aspx