We are proud to announce that GSMA has selected Vopium as winner of the new prestigious GSMA joyn Innovation Challenge. Vopium’s unique Smart Remittance solution was unanimously appointed as the winner by all judges, representing operators, developers and service providers.
“The joyn Innovation Challenge judges felt that the Vopium entry demonstrated how, by using network APIs, the basic functionality of Rich Communications can easily be expanded to provide an effective solution to the opportunity presented by mobile remittance,” says Graham Trickey, Senior Director, GSMA.
Last year an estimated $70 Billion was sent to India alone. Currently available market solutions are challenging and expensive to use, especially since many receivers do not have bank accounts. Vopium has invented a new solution that increases revenue from remittances and helps operators retain valuable customers.
The Smart Remittance solution enables easy and secure transfer of money across borders and helps users keep in touch with loved ones. Enabled by joyn/RCS, users can transfer money directly to and from their operator balances. The solution also works for users without joyn that will be able to get money paid out from unique message codes. The Smart Remittance solution is thus fully flexible and scalable across users, devices, markets and operators.
Vopium will showcase the solution during the Mobile World Congress in Barcelona in the GSMA Pavilion’s Innovation Laboratory, as well as on Vopium’s own stand, at App Planet Hall 8.1 H44.
“Beyond the Smart Remittance solution, this award proves that Vopium is an innovative and leading provider of rich communication solutions”, says Tanveer Sharif, “Vopium can today provide partners with proven OTT solutions, as well as innovative solutions and transitions to joyn/RCS based solutions.”