Vipera PLC Expanded contract with GSB of Thailand

Vipera plc

Vipera plc (LON:VIP), the specialist provider of mobile financial services has today announced that is has increased the scope of its contract with the Government Savings Bank of Thailand (“GSB”) through its partner TNFIS, part of the T.N. Information Systems group, utilising Vipera’s digital financial services platform MOTIF, under license.

GSB initially purchased a license in September 2014 for 100,000 users and a further licence in August 2015 for an additional one million users. They have now exceeded one million users and are purchasing a further licence to cover another one million users.

GSB is using Vipera’s technology in its mobile banking service, “MyMo by GSB” providing powerful personal banking and financial management tools in the hands of GSB’s customers via their smartphones.

The application provides a range of value add self service capabilities to GSB’s customers including the ability to check account balances and statements for all deposit and loan accounts, money transfer to accounts in GSB and other banks as well as to other MyMo users. In addition, users can pay loans, scan and pay bills, top up mobile phones, check GSB special prize draw results and customise their landing page. Users also receive notifications about balance changes across all accounts. The application is available for both iOS and Android devices.

Vipera Plc CEO Marco Casartelli commented: “We are delighted that GSB have now exceeded one million users and are looking to further exploit the benefits of Vipera’s MOTIF platform technology, ensuring that GSBs banking customers have access to the best available mobile banking experience.

“As well as being an important sale for the Company we will benefit from increased annual support and maintenance revenue.”

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