hSenid Mobile on the Spotlight at the Bangladesh e-Banking 2010 International Conference & Exhibition

Online, March 18, 2010 (Newswire.com) - Colombo, 19th March 2010 - hSenid Mobile, a leading company in providing dynamic wireless applications and back-end integrations for Financial and Telecom markets was invited to present at the Bangladesh e-Banking 2010 International Conference & Exhibition in March. The presentation, on "Next Generation Banking and Payments" was delivered by Sampath Paranavitane, General Manager, hSenid Mobile.

The Conference comprising of a dedicated Mobile Banking session hosted some of the leading personalities from the region's Financial and Telecom sectors. Along with the GM of hSenid mobile the panel comprised of CEOs from Grameenphone, the Dutch Bangla Bank and the event signing off with a closing speech by the Chairman of the Bangladesh Telecommunication Regulatory Commission, Major General (R) Zia Ahamed.

With a recent study forecasting annual mobile banking transactions to grow from 2.7 billion in 2007 to 37 billion in 2011 revealing great potential for the channel with countries like the Philippines and Slovenia having strongly embraced the mobile platform for banking and payment services.

Bangladesh with a population of 160 Million and a growing teledensity which stands currently at 32% but only a 13% banking penetration, presents a great opportunity for the adoption of mobile banking.

With hSenid Mobile's Next Generation Banking and Payments platform, there is an intriguing prospect of "eventually banking the un-banked rural markets", said Sampath Paranavitane, GM, hSenid Mobile. "Payments can be performed effectively by customers with the convenience of 24 Hours access, location independency, user-friendly interfaces without the hassles of time and travel performing them otherwise."

"If banks and telecom stakeholders work together, there is a potential of introducing mobile commerce or mobile banking in Bangladesh," said Oddvar Hesjedal, chief executive officer of Grameenphone.

hSenid Mobile's mChoiceTM Banking Solution enables a virtual bank in every customer's handset with a range of banking services including fund transfers, balance enquiries, cheque book requests, statement requests and many more.

The mChoiceTM Payments Solution, facilitates a next generation payments platform integrating Agents, Merchants, Telcos and Banks providing the end user with enhanced payment options where the mobile phone can now be used to make payments, withdraw cash and do banking transactions to accept cash/credit/debit card payments from customers to pay other merchants, where the payment device could be a mobile phone, POS or computer.

hSenid Mobile's solutions are known for their scalability to accommodate future expansions, compatibility with any legacy and /or 3rd party system and platform and their adherence to required standards of security.

The presentation was well received, with members of the audience enthusiastically seeking further information at the end of it. The event also received significant coverage in the local press, here in the Daily Star, one of Bangladesh's leading newspapers.
( http://www.thedailystar.net/newDesign/news-details.php?nid=128281 )

Total Communication, in association with Bangladesh Association of Software and Information Services, organized the conference attended by over 200 Senior Representatives from the Banking and Telecom Sectors.
hSenid Mobile's mChoice Mobile Money solutions can be explored on the following links :

http://www.hsenidmobile.com/mobilebanking.php

http://www.hsenidmobile.com