Rapidsoft Systems, Inc. in Partnership with GSS Ltd Launches Systems

Rapidsoft Systems, Inc. in partnership with Global Systems Solutions Ltd, Launches Mobile solutions for money transfer and bill payment for the financial companies just as banks and the post offices. Mobile Wallet will enable mobile subscribers to perform secure and convenient money transfer using their mobile phones. The Mobile Wallet solution for mobile money transfer comprises of the server, mobile applications, as then as system integration services.

Online PR News – 02-August-2011 –Rapidsoft Systems, Inc., partners with Global Systems Solutions Ltd. in launching integrated mobile money transfer and bill payment solutions for emerging mobile payment market. The Mobile Wallet solution for mobile money transfer comprises of the server software, mobile applications, as so then as system integration services. The solution, being marketed as the Mobile Wallet Service, works on many popular handsets and will enable mobile subscribers to perform secure and convenient money transfer using their mobile phones.

The mobile payment software can utilize data networks when cellular data networks are available. Nevertheless, it can as well work using SMS based transactions on low end feature phones or in areas where there are no cellular data support. The deployment of mobile wallet solution can help banks and financial institutions reach both banking and non-banking subscribers to receive money in a secure and safe manner.

The Mobile Wallet's user-friendly interface enables mobile subscribers to make secure and easy peer-to-peer money transfers and pay every day utility bills from their mobile phones. The Mobile Wallet can be used for making or receiving payment of many regular payments. To illustrate, subscribers can arrange to have their pensions and other regular income paid directly into their mobile wallet -an innovative feature. This greatly empowers banks and financial institutions to connect with unbanked in rural areas and increase their reach at a very low cost. The system has been designed with security and end user convenience in mind. The initial system deployment/pilot launch of services is being planned with banks in two Latin American countries and negotiations with other financial institutions are pursuant to this agreement way.

The mobile money transfer is simply another way to send money. It is a transfer of money to a receiver in which the funds are deposited into a "virtual" wallet accessible by a consumer's mobile phone. The benefits of a mobile wallet are:

Jules Charville, President of GSS, Ltd. commented, "In association with Rapidsoft Systems, we offer a solution in other words a feature rich, easy to use and deploy. While development, we took the concerns and needs of an average consumer who may not be very innovation savvy. Secondly, banks need a secure solution in other words as secure as all other operations of banking systems. To achieve that we have integrated highest level of security at all levels. We believe that we have a so then implemented solution for banks, operators and other financial companies that wants to offer such services to their subscribers in any part of the world."

Global Systems Solutions Ltd. is a registered Anguillian company, with headquarters in San Jose, Costa Rica. It is the parent company of Prepaid Masters Ltd.(www.prepaidmasters.com) and Cashnxt Technologies Ltd. Since 2008, Global Systems Solutions has specialized itself into the development of various mobile applications and has became a dominant force in those markets today. The combination of Cashnxt Technologies Ltd. and Prepaid Masters Ltd. gives the general public access to the latest state of the art innovation for the exciting world of Mobile Commerce.

Rapidsoft Systems, Inc. competence lies in its ability to offer full software product lifecycle services in verticals just as Mobile, Networking, Healthcare, OSS, VoIP (Voice over Internet Protocol), Embedded, Business Intelligence, Security, Finance, Logistics, Web 2.0 Social Networking, Media & Entertainment, Gaming, Travel & Hospitality, Education & Training, Web Applications and Retail. Its research expertise includes Java/J2EE, C/C++, Ruby on Rails, RDMS, Open Source, SaaS/On-Demand, Siebel CRM, J2ME, Google Android, Qulcomm Brew, iPhone, Palm Pre, Windows Mobile, Flashlite and Symbian platforms.