The payment network model optimized and updated to take full advantage of the mobile channel.

OpenRevolution designs, capitalizes, builds, owns, and operates a mobile financial services network. The first network deployment is in the country of Georgia, where it operates under the brand name “MobiPay.” This mobile e-money payment network gives participants - consumers, merchants, mobile network operators, financial institutions, and billers - a high quality, low cost electronic payment and money transfer service through their mobile handset.

MobiPay provides an easy, secure, and convenient way to do everything from pay an electrical bill, to send money to a friend, to buy a cup of coffee or pay for a taxi all from one secure mobile wallet with only one PIN to remember. MobiPay can work through a variety of interfaces and applications including Mobile Web and USSD so any handset can function on the network.

The MobiPay model—which emulates the best practices of the electronic card industry, but also captures the transformative potential of the mobile interface—uses a common acceptance mark and orchestrates roles and responsibilities inside a prepaid/stored value payment network that OpenRevolution operates and controls. In contrast to simple technology solutions, our model focuses on achieving a critical mass of customers, merchants, and service points.

The advantage of our network is that transactions are conducted through the mobile handset so infrastructure requirements are minimal. As a result, network build out is fast, inexpensive, and it also reaches merchants and consumers not readily served by electronic payment cards.

Visit our Mobipay Georgia website at www.mobipay.ge.