JANUARY 4,2013

xpWallet , an emerging leader of mobile wallet solution provider, today announced the availability of xpWallet mWallet Bank Integration System offering for a comprehensive mobile wallet and payment infrastructure that will enable telcos, banks and merchants to offer their customers secure and convenient alternative to manage their funds via mobile devices by integrating their bank account with mWallet and vice versa without having to visit their bank branch.

With xpWallet mWallet Bank Integration System, banks, telcos and merchants can provide their customers mobile payment capabilities and leverage this growing trend. This latest product introduction further expands offerings by xpWallet in the evolving mobile payment space and helps to increase adoption by both consumers and merchants.

xpWallet next generation mWallet also enables financial institutions to issue their own branded mobile wallet or integrate the mobile wallet into their existing mobile platforms through as many as banks they want.

xpWallet Mobile Wallet makes it safer and more convenient for consumers to transfer their funds from bank account to mWallet and vice versa. While consumers just need to get registered for the service with their bank account and link their mWallet, they get instant notification of every account activity and access to all transaction reports.

"xpWallet is uniquely positioned to unite all the key elements in mobile payments, creating new revenue opportunities for telcos, banks and merchants " said Rohtas Chhabra, VP (Product & Technology) at xpWallet. "With its mWallet Bank Integration System, xpWallet next generation mWallet provides the core mobile wallet platform needed to make mobile payments become a standard payment method across the world and multiple market segments."