News






CIT VERiCASH addresses the demand for Agency Banking in Nigeria

Apr 03, 2013; Toronto, Johannesburg, Lagos : CIT VERiCASH, the mobile payment software division of CIT Global, announced the launch of its world class "Agent Management Solution" in collaboration with CIT iPay, the ePayment integration division of CIT Global.

This release comes as a response to evident demands CIT has acknowledged from leading Nigerian banks after the release of the new agency banking regulation from the Central Bank of Nigeria.

The VERiCASH Agent Management Solution provides comprehensive tools and services for banks to build, manage and monitor their agency banking network, while enabling the banks to provide innovative financial services through their Agents for all banked and unbanked clients. The Agent Management System already complements VERiCASH breakthrough Mobile Payment Solution for banks who are licensed to serve mobile money subscribers.

The solution is designed to suite all banks in Nigeria, obtainable either as an "in-house solution" or as a "managed service".




CIT VERiCASH empowers its clients & partners with strong local support

March 27, 2013; Toronto, Johannesburg, Lagos : CIT VERiCASH, the mobile payment software division of CIT Global, announced a partnership agreement with Swifta Systems and Services International Services Ltd. By this agreement Swifta technical resources with strong experience in Mobile payment systems’ implementation and operation, will augments CIT VERiCASH local delivery capabilities in Nigeria and other major markets in Africa to insure VERiCASH clients receive the highest quality level of local support.

“Nigeria is a strategic country for CIT VERiCASH. We aim to play a key role in the development and collaboration of the Mobile financial services industry in this highly promising market. Our partnership with Swifta will support us to empower our clients and partners with the effective service levels they need to succeed strategically”, said Amr Salem , Group VP for strategic initiatives.

VERiCASH solution is a breakthrough mobile payment software, delivering unprecedented collaborative business model to financial institutions, mobile network operators and 3rd party service providers to offer full suite of mobile financial services for un-banked and banked communities. VERiCASH’s collaborative business model and unmatched advanced technology infrastructure, are considered key success factors in a highly competitive and fragmented market such as Nigeria, in which more than 16 licensed mobile money operators already exist.

Swifta is a leading business technology services and solutions provider across various countries in Africa, providing world class services to clients as well as collaborating with leading technology companies. Over the past years Swifta has build strong capabilities and evident market success in implementing and operating large scale mobile payment solutions and services.




Chinese Social-networks advancing through mobile messaging

September 11, 2012, (Beijing, Toronto and Cairo) CIT MOBiDIV the mobile software divisions of CIT Global announced a new significant feature for its leading messaging technology (XMS) on the Android Platform. The new XMS Social Hub enables XMS users to send exceptional messages directly to their friends on various social networks in China, and will shortly enable users to share and exchange their creative XMS artwork with all their audience directly from within these networks. Starting with support to Weixin, which is one of the most liked chatting platforms in China in addition to Weibo and QQ. Support to Fitchen and RenRen soon to follow.

"XMS" offers uniquely personalized and animated hand-written messages, pictures and greeting cards. It empowers its users with an unprecedented level of self expression in their communications by enabling a fast and fun way to add their personal touches to their photos, pictures and greeting cards; send animated handwritten messages instead of dull text messages; and even draw their own artwork in their messages to others. XMS brings it all to Chinese users, being compatible on 3 different platforms: Android, iPhone and Symbian.

XMS progressive technology has proven a high user acceptance in the Chinese market with 99% of users' recommendation to use XMS and successfully 98% ease of use for XMS user's experience. XMS is also accessible on Apple's' "App Store" as well as the Android app store "G-fan".


CIT Global Accomplished a Successful Implementation of Mobily-Samba Integration Using INSTALiNK™

[Toronto, Riyadh, Cairo, Dubai:Tuesday, May 15, 2012], CIT Global; the international leading provider of high quality, innovative eCommerce / mCommerce software solutions and services announced that its Middle East division has successfully completed the implementation of CIT INSTALiNK™ solution for the leading Saudi telecom operator, Mobily. Through INSTALiNK™, Mobily internal financial systems are connected smoothly to the corporate systems of the leading Saudi bank, Samba. This direct integration helps Mobily to minimize risks, reduce processing time while giving full insights of cash and liquidity on timely basis.

"This is yet another success story proving the market leadership of INSTALiNK™; connected directly to Oracle e-Business Suite technology. We are celebrating another implementation for our CIT collaborative solution, INSTALiNK™. It enables our customers to achieve straight-through processing with a global view of cash across their operation with proven stability and ROI "- Ayman Fathalla, Business Development Director - CIT Global.

CIT Global proven expertise in providing integrated financial solutions to Mobile network operators and large enterprises, with exceptional quality and adherence to international support standards, were critical factors to achieve a successful integration between Mobily and Samba in a record time.

The company has more than 20 years of solid expertise serving financial institutions and large enterprises by providing award winning electronic payment and systems integration solutions based on sustainable technologies and in cooperation with platform and ERP leading market players.


CIT VERiASH Powers the Mobile Payment Services with a Breakthrough, Collaborative Ecosystem to serve both Banked and Unbanked

January 16, 2012, (Toronto, Dubai, Cairo) CIT VERiCASH, the leading mobile payment provider has recently showed case an unprecedented ecosystem that is effectively serving both; banked and unbanked communities across various markets.

“Our main focus is to enable a maximum profitability to all involved stake holders; this includes financial institutions, mobile network operators and integrated services providers. Our solution is enriched by a continuum of features to revolutionize the mobile payment landscape” said Ashraf Zaki – CIT VERiCASH Chairman.

CIT VERiCASH brings its proven and widely implemented Multi-Channel gateway to its platform to leverage more than 15 years of integration experience on the financial domain in MENA region. This helps to configure wallets schemes in very simple steps to enjoy selecting from predefined pool of services and transactions , partners and stakeholders profiles, business roles on fees and risks and end users channels to establish the – customized - target wallet scheme(s).

Being a brand sponsor during the past MMT Dubai 2011, booth visitors and industry representatives were amazed by the solution capabilities on all levels; offering differentiation and collaboration, solid expertise of more than 15 years serving key market players and industry leaders; proven by getting the product demonstrated in live operation.

“We are confident that not only will CIT VERiCASH Mobile Payment solution take formal financial services or banking to the unbanked, but it will also open up a wide range of benefits and value added services to the banked sector including corporate, small and medium scale enterprises (SMEs) and individual users,” said Hanney Ishak, CIT VERiCASH - Chief Technology Officer


CIT VERiCASH to Showcase a Breakthrough Concept of Collaborative Ecosystems

Connecting banked and unbanked communities

October 26, 2011, (Toronto, Cairo, Dubai) - The mobile payment division of CIT Global (CIT VERiCASH), the leading provider of continuum mobile money solutions using state-of-art technologies will showcase its breakthrough solutions of collaborative ecosystems of stakeholders; mobile network operators, financial institutions and various related service providers . This enables CIT VERiCASH client partners to play a key role within the mobile money echo system in their countries to collaborate rather than competing; where it makes the life of unbanked easier, accessing unique financial services.

The revealed solution of CIT VERiCASH serves the unbanked while connecting to the banked communities by capitalizing on the financial institutions capabilities and assets in cooperation with mobile network operators and other mobile money operators. To provide strong competitive advantages to our client partners and maximize their monetization from the mobile money echo system, CIT VERiCASH solution provides comprehensive set of consumer value added services.

"Our solid expertise that is combined of more than 15 years positioned us as a preferred partner for worldwide leading brands; providing extensive mobile software solutions , recognized ePayment pioneer, owner of advanced eSecurity patents, and extensive experience in MNOs integration. This striking combination has enabled a truly premier proposition for CIT VERiCASH serving the various mobile money stakeholders " Said Ashraf Zaki, Chairman - CIT VERiCASH.

VERiCASH is putting a great focus on the Middle East and Africa (MEA) regions. The company is delighted to announce its participation as a brand sponsor, exhibitor and panelist at the Mobile Money Transfer Global (MMT 2011) Summit taking place in Dubai from 31 October to 3 November 2011 in Dubai


Successful Launch of XMS

The technology brings new innovation to mobile messaging

October 8, 2011, (Beijing, Hong Kong, Toronto, Dubai) - XMS" is the first messaging application that enables a touchscreen mobile phone to send Chinese handwriting by SMS, and this new generation also enables handwritten messages to be sent via a data connection. XMS" brings a new level of personalization to messaging in China with its fun features that enable users to be more creative and expressive in conveying their very own personality when sending messages using handwriting, drawings, pictures, and various multimedia content. XMS"  handwriting technology is also the fastest way to send messages, compared to typing or other writing apps.

In addition to enabling senders to be more creative and have more fun, recipients are also able to feel the intended emotional impact of the sender and respond immediately, multiplying the viral effect.

Most messaging apps are dull compared with the more fun and expressive XMS" , and a core value we sought to give users was to be able to share their innovative personalized messages with anyone  not forcing the recipient to download an app to see the message. The added benefit for XMS" is that this multiplies the viral marketing power of the app, because each of these messages is a powerful demonstration of how cool the app is! Said Martin Enriquez, CEO of CIT MOBiDIV, the leading Mobile software company which invented the XMS" technology.

With the new XMS" " messaging operational in China, CIT MOBiDIV is already completing next step of innovation to ensure that XMS" will remain the best-of-the-best in messaging services. The companys roadmap includes introducing new cool features every few weeks and continuously enhancing the user experience in response to the suggestions of XMS"  enthusiastic Chinese users.

The new XMS" messaging is currently available on iPhone, BlackBerry, and Android devices. It is worth mentioning that XMS" has patents proceeding in China and other major countries around the globe.


25 Android Phone Models Rock The Mobile Community with

The Arabic Online Mobility .. The New Definition of Localization "Android phones sales rump up for 160,000 Android Phones Selling Per Day and up To 4.8 Million Android Handsets Go Online Per Month." According to Google

With the current success of the Android devices in the global and regional markets and in a significant move to capitalize on the upcoming full opening of the Google Android Market across the Arabic market, more than 25 new Android devices from various mobile vendors are being released equipped with ArabwareTM from CIT MOBiDIV. ArabwareTM provides for the first time a new definition of localization, featuring The Arabic Online Mobility.

The Arabic Online Mobility is an exceptional mobile experience that takes the localization to a completely new dimension. It enables Android phone regional consumers access applications from app stores, online services, and even live information instantly localized and translated in their native language.

Arabic online mobility enables Localization of any downloaded 3rd party application, online services, full Localization of common favorite applications turning the whole application interface and interaction to the users language of choice. Also, enabling the consumer to translate any information on the screen to Arabic with the simple touch of his finger Furthermore, the localization offered is not just a linguistic localization; it is a new intelligent understanding of consumers regional aspects, taking localization to an unprecedented intelligent level through innovative smart regional features. CIT MOBiDIV has extended this unique localization technology to multi-language support, offering TukWare, PersiWare and HebreWare as well.