Mozido Partners with Kabbani Associates

Mozido, (www.mozido.com), the cloud payment network that brings every mobile phone user into the financial ecosystem, announced today it has finalized an exclusive partnership with Kabbani Associates, leading experts on the payment and remittance industries, to bring mobile wallet solutions to Money Service Businesses. The objective of this partnership is to introduce Mozido’s mobile wallet services to the MSB community and provide traditional remittance companies with the advanced technology needed to bank their customers.

Mozido has been offering a comprehensive suite of multi-channel payment and marketing solutions to the P2P, C2B and B2C markets for over a decade. They support numerous clients and have relationships with industry leaders such as Western Union and Moneygram. Their multi-channel payment solutions enable transfers to be completed from a PC, a POS device or a mobile phone. In addition, Mozido provides consumers access to value added services such as stored value, bill pay, airtime purchases, mobile minutes transfers, retail purchases, savings accounts and payroll deposits in addition to numerous marketing and analytics capabilities.

“We have chosen to partner with Kabbani Associates, due to their wide-ranging experience in remittances and their connections to MSBs globally. The remittance players are a natural fit for Mozido with their extensive relationships with the under-banked community, which will derive great benefits and cost savings from our technology platform,” said Gregory J. Corona, Mozido’s Chairman and CEO. “Mozido can help unlock unprecedented potential for remittance companies by enhancing the relationship that has been built over years of investing in their brand and customer base. Partnering will allow Mozido to further monetize these customers through a convenient integrated suite of essential services while increasing customer loyalty to the remittance brand,” said Nabil Kabbani, Founding Partner of Kabbani Associates.

Michael Liberty, Mozido’s Founder and Chairman of Mozido Global Strategic Initiatives added, “I’ve known Nabil and Kabbani Associates for over 12 years and have the utmost respect for their organization. Kabbani Associates adds tremendous depth and experience to our global financial services team.”

Mozido will be a sponsor in the upcoming 2012 International Money Transfer Conference being held in Miami and will showcase its unique offering in a private presentation session. Gregory J. Corona, Chairman & CEO of Mozido will be a featured speaker on the “Mobile Payments Day,” the first of its kind for this conference. Nabil Kabbani will make the keynote address and facilitate a panel discussion centered around the mobile money transfer industry.

About Mozido

Founded in 2007, Mozido is the leading provider of multichannel transaction services to retailers, mobile network operators and financial institutions. Mozido offers solutions that enable easy and secure transactions all from the convenience of a mobile phone, and without the need of a traditional bank account. For more information, visit www.mozido.com.

About Kabbani Associates

Kabbani Associates is a consultancy practice that seeks to increase the depth and breadth of financial services provided to the immigrant and under-banked communities. It also consults in P2P and the payments solution industry with particular focus on digital distribution and monetization. For more information on Kabbani Associates or Nabil Kabbani, visit http://www.linkedin.com/in/nabilkabbani.

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