CashFlows Launches White-Label Mobile Payments

Andy Penfold

Financial services and payments company CashFlows has announced Mobile Money Box - a white label solution for mobile operators to deploy support for electronic and mobile payments. 

The solution allows operators to provide payment apps, which are powered and operated by CashFlows. The launch of CashFlows Mobile Money Box follows the launch of the CashFlows Account service earlier this month. This provides businesses with a single account into which all ePayments can be received and managed. 

CashFlows Mobile Money Box supports mobile payment acceptance, electronic invoicing, payment card issuance, physical or virtual Visa or MasterCard schemes, as well as NFC contactless payment. The solution can also handle VoicePay - CashFlow's voice biometric authentication solution. 

Nick Ogden, CEO at CashFlows, says: "We feel that the opportunities that mobile payments present are still held back by difficulties in developing the necessary alliances between mobile operators and the incumbent financial service organisations. As a regulated financial services business, with full membership of the card schemes, we can offer all the financial services the mobile operators requires, as an independent and market neutral partner.

"Using the Mobile Money Box, mobile operators can move very quickly into the marketplace, with a full range of services. This leaves them with the time to focus on their customers, the ability to rapidly grow new revenue streams with minimum investment, all operated under the brand name of that they choose, with all of the regulatory requirements managed for them."