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Demand for mobile wallet and m-commerce services is driving demand in Latin America for the electronic top-up solutions of US mobile solutions provider Xius, the firm's Americas VP, Mitch Cornell, told BNamericas.
The company announced this week that Latin American mobile operator Movistar is deploying Xius' payment manager solution to power its electronic prepaid recharge service in Panama, El Salvador, Nicaragua, Costa Rica and Guatemala.
Cornell added that Xius has previously deployed the solution for Movistar Colombia. All are at different stages of deployment, but the solution should be in place by year-end.
The payment manager solution enables operators to provide their subscribers with a more simple way of topping up minutes and gives operators greater flexibility in managing their distribution chain.
In Latin America, which has a predominantly prepaid subscriber base, topping up is of particular importance, Cornell said, adding that Xius' solution also supports the rapidly growing trend of mobile wallet.
"We've seen some interest in the US, but carriers in Latin America are really looking to take advantage of mobile wallet and m-commerce to leapfrog to m-transactions and m-payment," Cornell said, underscoring the low levels of bank accounts in the region.
Cornell said he sees the lack of prepaid roaming functionality in Latin America as a further opportunity for Xius to expand with its solutions.
Xius' solutions enable subscribers to roam across borders within the same network of a regional carrier like Movistar and do top-ups, he said.