Siemens has launched a mobile payment platform for the developing world. The walletXpress platform is designed to manage transactions for multimedia, ticketing, and household utilities, according to the company.
Developed and launched by Siemens CMT (Communications, Media and Technology), walletXpress is being debuted at the Mobile Money Global show in Dubai, which runs 1-2 November, with preview events today.
According to Dr Francesco Prato, sales director at Siemens CMT, the company will demonstrate the walletXpress platform, which is designed for unbanked and developing countries, as well as its evolution in other verticals, such as multimedia systems, and show how NFC technology is supported. 
He says: “There are hundreds of mobile payment solutions on the market. Most of them are IT-based. Very few are telco-based. Siemens CMT is convinced that, in order to fully benefit from a mobile payment solution, a carrier-grade solution like walletXpress is a must. The system has to be reliable, secure and scalable enough to meet todays needs and take advantage of tomorrows opportunities.”
Dr Prato says the advantage of the walletXpress system is its scalability. “You can start small and grow big while rolling out new services,” he says. “There is no need to replace or upgrade your expensive hardware.”
