Upaid Wins in Serbia

Upaid announced the largest Visa Mobile Service (VMS) deployment with Serbian mobile operator, Telekom Serbia (MTS)

October 25, 2006

1 Min Read

LONDON -- Mobile payments provider Upaid today announced the largest Visa Mobile Service (VMS) deployment with Serbian mobile operator, Telekom Serbia (MTS). Serbia is the third in a series of markets to sign up to the mobile payment service, with operators in Jordan and Morocco already using Upaid's innovative payment platform.

Compared to other recharge options, such as electronic recharge in shops, or scratch cards, Visa Mobile Service gives consumers the freedom to top-up instantly and independently at shops and merchants. After assigning a Visa card to their phone number, mobile phone users can recharge airtime anytime and anywhere, even when abroad, simply by sending a message from the handset.

Similar projects exist on the Serbian market but the potential of this service is much greater, since Visa Mobile Service links eight of its banks across Serbia together with MTS' 3.7 million customers. Based on the existing payment infrastructure in use by MTS, the service enables customers to top up their mobile phones via SMS text message which then authorises payment from a Visa debit or credit card.

Upaid Systems Ltd.

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