Technology News

Vesta Launches Mobile Wallet For Prepaid Operators

Wednesday, May 22, 2013 5:17:00 AM PDT | VentureDeal

   Las Vegas, Nevada  --  Mobile payment technology company Vesta Corporation has announced the availability of its new mobile wallet for prepaid operators.

Called Vesta PayMobile, the application enables prepaid smartphone customers to transfer money, pay bills and top up their account from their smart phone.

The company says that there are currently 68 million unbanked and under-banked consumers in the United States alone.

Annual worldwide revenues of mobile prepaid services are estimated to exceed $56 billion by the end of 2016, according to market research firm Informa.

Vesta has processed hundreds of millions of secure payments through a variety of channels worldwide, according to the company.

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