Solution = aKos Mobile Remittance Gateway

The Mobile to Merchant to Cash Connection

At the intersection of the wireless and financial services industries that bridge international borders, aKos Technology Corporation is creating a “Virtual Western Union”* that targets the unbanked via mobile remittances. An emerging global market opportunity, “mobile remittances” refers to the convergence of wireless services and money-transfer technologies. Driven by this innovation, the global remittance industry is forecast to grow from $268B in 2006 to $1,000B in 2012.

In order to capitalize on this opportunity, aKos has created the aKos Mobile Remittance Gateway that allows seamless yet cost-effective, convenient and secure mobile remittance services via its unique methodology. aKos is the solution to monetize this untapped segment.

The aKos patent-pending Mobile to Merchant to Cash solution:

  • Allows a wireless subscriber the ability to send funds internationally from his mobile device where the recipient receives those funds in cash at merchants they already frequent

  • Requires no infrastructure changes

  • Is delivered as a turn-key solution

  • Does not require the recipient to have a mobile phone

  • Requires no bank account, credit/debit card, or financial instrument

  • Provides complete money-transfer regulatory compliance

  • Provides robust transactional security and physical safety

aKos has integrated this functionality with wireless carriers, financial institutions, merchants/retailers/POS and various strategic partners into a comprehensive ecosystem.

 

 

* "Western Union" is a registered trademark of Western Union Holdings, Inc., and aKos Technology
Corporation claims no affiliation with or rights in such trademark or any related marks. The
trademark "Western Union" is being used for comparative and informational purposes only.