Nokia Siemens Networks and MoreMagic Solutions Partner to Deliver Mobile Commerce and Financial Services

By Moremagic Solutions, PRNE
Sunday, February 13, 2011

BARCELONA, Spain, February 14, 2011 - Nokia Siemens Networks and MoreMagic Solutions, a leading global mobile
commerce and financial services solutions provider, today announced a global
partnership to provide mobile commerce and financial services. The jointly
developed Mobile Payment Solution enables the delivery of a wide range of
services including money transfer, mobile banking, mobile payments and near
field communication (NFC) proximity payments.

The joint Mobile Payment Solution interconnects consumers, mobile
operators, financial institutions, retailers, agents and other members of the
mobile commerce and financial services value chain to enable seamless
monetary transactions. The approach is particularly attractive for developing
markets where fewer people have access to bank and credit cards to transfer

Rick Centeno, head of charging, billing and care at Nokia Siemens
Networks said: "We are very excited about the growth in the mobile payments
space in general and about mobile money and NFC payments in particular. Our
partnership with MoreMagic provides us with a flexible architecture that
integrates very well with our flagship products. The combination of MoreMagic
solutions with Nokia Siemens Networks' integrated Subscriber Data Management,
Identity Management and Unified Charging provides a comprehensive set of
Mobile Payment Solutions in this innovative market segment."

Pankaj Gulati, CEO and Chairman, MoreMagic added: "Mobile commerce and
financial services present some of the most exciting opportunities available
today which are totally revolutionizing the way people interact with cash and
manage their finances. We are delighted to be partnering with Nokia Siemens
Networks and look forward to the evolution of mobile payment services."

LPTIC (Libya Post, Telecommunications and Information Technology Holding
Company) is trialing Mobile Payment Solutions in close collaboration with Al
and Libyana, the two leading mobile operators in Libya. LPTIC plans to
extend mobile payments as a service to all mobile operators across Libya as
an enhancement to its operations. The Project which is set to run over a
period of four months, will provide customers with easy, secure and
convenient access to basic financial services which has previously been
enjoyed only by a small percentage of the population and access to NFC
proximity payments for purchasing anywhere at anytime.

Dr. Samir Elbuni CEO of LPTIC said, "We are delighted to bring
state-of-the-art mobile payments technologies to Libya through
internationally recognized partners. We believe that the market is primed for
such a solution and we expect a huge acceptance in the market by mobile-savvy

Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of telecommunications
services. With its focus on innovation and sustainability, the company
provides a complete portfolio of mobile, fixed and converged network
technology, as well as professional services, consultancy and systems
integration, deployment, maintenance and managed services. It is one of the
largest telecommunications hardware, software and professional services
companies in the world. Operating in 150 countries, its headquarters are in
Espoo, Finland.

MoreMagic Solutions

With deployments in more than 60 countries worldwide, MoreMagic Solutions
offers transaction platforms for mobile operators, financial institutions,
content providers, and distributors, enabling consumers to purchase goods and
services on demand using a mobile phone, POS, or web. The MoreMagic Solutions
high-throughput mobile commerce and services (MCS) platform and pre-packaged
applications in the MagicSuite(TM) portfolio enable revenue-generating
services, including mobile recharge (m:TopUp) and mobile money transfer
(m:Wallet), both domestic and international; mobile banking; bill payment;
and mobile commerce; with integration into diverse network environments,
languages, and currencies. Through MoreMagic Solutions' worldwide
distribution network connected to the MoreMagic Global Financial Services Hub
(MagicHub), mobile operator branded services are available for out-of-country
customers, enabling communications with relatives back home, and increased
usage on mobile networks worldwide.

Johanna Harjula, Media Relations, Nokia Siemens Networks, +358-7180-31399, johanna.harjula at; or NSN Media Relations, +358-7180-31451, mediarelations at; or Elizabeth Chadwick or Vicki Fertnig, both of Mi liberty for MoreMagic Solutions, +44-0207-751-4444, moremagic at

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