Monet chooses IBM for new cloud-based system
Technology giant IBM has announced that Monet, a leading mobile commerce provider in Pakistan, has begun using its cloud-based solution to provide enhanced service to consumers. Mobile commerce is growing in the Middle East and Monet has positioned itself to become one of the leading platforms currently available to consumers. As mobile commerce becomes more popular, Monet is working to make payments more secure and placate some of the concerns coming from consumers.
Cloud-based system may help expand mobile commerce in Pakistan
Monet plans to use IBM’s cloud-based system to expand its presence throughout Pakistan. The company already caters to numerous mobile banking networks and branchless financial institutions, all of which consider the security of consumers’ financial information as a major priority. Mobile banking is becoming more popular in Pakistan, thus becoming a more attractive target for hackers and other parties with malicious intent. In order to meet the changing needs of its customers, Monet has turned to IBM.
IBM to develop private system based on SmartCloud technology
IBM will be developing a specialized system for Monet based on its SmartCloud technology. This cloud-based system will provide Monet with a more comprehensive mobile infrastructure, which is well suited to meeting the growing demand for mobile financial services, such as banking and commerce. Monet will not simply be relying on IBM to provide it with a new cloud-based infrastructure, Monet is also outsourcing its networking, security, cryptographic, and disaster recovery solutions to IBM. This will allow Monet to focus on the core of its business structure.
Pakistan consumers begin to show more interest in mobile commerce
Mobile commerce is often thought of in terms of payments. The term refers to a wide range of practices in the financial world, however, including banking. As more consumers in Pakistan acquire mobile devices capable of giving them access to high-tech financial solutions, banks and other financial institutions are demanding new comprehensive services that enable them to better serve their customers. Monet and IBM may be able to provide such service and solidify the growth of mobile commerce in Pakistan.