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Movilway

Electronic Payment Platform in Latin America
 

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About Movilway


 

Movilway - Products and Services:    Movilway operates an electronic payment platform in Latin America. Movilway’s parent company, Celistics, is a consumer electronics logistics operator and a strategic partner of Telefonica, the Spanish telecommunications giant. Celistics distributes cell phones in Spain and Latin America, and in 2010, launched Movilway as a subsidiary. Today, Movilway is the largest agent of prepaid payments in Latin America, doing business in Argentina, Chile, Peru, Ecuador, Columbia, Venezuela, Nicaragua, Guatemala, Panama, and Mexico. There are plans for Movilway to expand into the emerging markets of El Salvador, Costa Rica, Brazil, Uruguay, and the Dominican Republic in the near future.

Movilway gives consumers, even those without access to bank accounts or credit cards, a way to pre-pay into a cell-phone-based account in order to pay bills, such as utilities or government fees, without using cash. Customers pre-purchase set amounts from one of Movilway’s 80,000 direct points of sale, just as if they were buying pre-paid minutes for their phones, and then draw on that account to pay bills. On the other end of a transaction, the merchant pays Movilway a fee for the service, but that fee is generally lower than the “swipe fee” paid for credit cards, which makes it attractive to retailers.

Movilway is transforming the electronic transaction business in Latin America and has become a key player in the development of the mobile banking industry. Committed to maintaining its trusted partner image in the community, Movilway has based its business model on industry specialization, a first-hand knowledge of its target markets, and a collaborative relationship with its customers. Movilway estimates that 70% of the population it serves does not have access to basic financial services. Movilway provides a viable and secure alternative. Movilway also provides electronic recharge services and payment systems for prepaid mobile phones.

 


Movilway Links

Movilway at VentureBeat Profiles
Movilway at VentureBeat Profiles
Movilway - Scribd
Movilway - Scribd
Movilway on SlideShare
Movilway on SlideShare
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