By leveraging innovative technology, developing product value, and utilizing existing mobile networks and various other distribution channels worldwide, MPOWER Mobile is leading the industry in realizing this opportunity plus more.
Founded in 2005 as Sapphire Mobile Systems, Inc., and post investment by MPOWER Ventures, LP in 2007, the company now operates as MPOWER Mobile, Inc. and is focused on the development of mobile payment applications for the empowerment of the world’s underserved and under-banked.
The company’s payment product offerings are revolutionary, innovative, compelling, and yet simple to use for end consumers. Through MPOWER Mobile’s YAP product suite, individuals, consumers, and merchants will buy, sell, and transfer with the simplicity of text-messaging.
From direct-to-consumer programs, to small-business applications, to enterprise-level payment systems, the technology of MPOWER Mobile delivers financial access to the masses—and a powerful opportunity for the financial services, telecommunications, and retail industries.
Through YAP Accept, we turn any mobile phone into a Point of Sale (POS) system, accepting debit and credit card payments. By leveraging proprietary technology and simply registering a phone number with a virtual account, payments can be accepted anytime, by anyone with a mobile phone, worldwide.
The YAP Buy solution provides customers with a convenient, straightforward method of payment that allows them the flexibility to make purchases direct from participating merchants with their mobile phone. By directly integrating into the MPOWER Mobile global payment processing platform, merchants will enjoy a reduction in debit and credit processing fees, increased loyalty with the existing customer base, and growth from attracting new customers that are looking for a faster, simpler, and more secure way to purchase goods and services, on the go.