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MFIC Provides NTT DOCOMO With Turnkey Money Transfer Solution

ARIAS to be used in Making Mobile Money Transfer Origination Widely Available

NTT DOCOMO will make mobile money transfer origination through mWallet widely available for the first time. This new service upgrades NTT DOCOMO's already advanced mWallet program, which offers diverse functions such as payment services, coupons and a point system. To accomplish this goal, NTT DOCOMO will utilize ARIAS, MFIC's turnkey money transfer solution, as the service platform.

"We are very excited that our turnkey solution will provide NTT DOCOMO with a smooth entry into the market," said Atsumasa Tochisako, founder and Co-CEO of MFIC. "We know that this effort will be invaluable in expanding the mobile money transfer industry, in changing the way money transfer services are provided and in dramatically improving the cost and convenience associated with the practice in Japan. Remitters will no longer need to leave the comfort of their home to send money."

NTT DOCOMO's new service will be one of the first instances in which a sender can originate an international money transfer from their cellphone and have the receiver collect the funds at their local financial institution. Unlike domestic money transfers, international money transfers require compliance with anti-money laundering regulations and settlement with foreign financial institutions. These hurdles make it difficult for MNOs to provide the highly sought-after service. ARIAS is an ideal solution for international mobile money transfers because it delivers automated compliance monitoring that conforms to national and international regulations and is connected to a global distribution network.

One of MFIC's core objectives is to expand affordable and professional financial services to markets where such services have previously been unavailable, overpriced or disconnected from mainstream banking. While many parts of the world lack access to traditional financial institutions, they do not lack access to mobile phones. By offering a central processing and settlement hub for mobile money transactions, MFIC is ensuring that financial inclusion is affordable and attainable for everyone.

MFIC is a Washington, D.C. based company that aims to expand affordable and professional financial services to markets where such services have previously been unavailable or overpriced. The company offers a line of products and services, including ARIAS, a money transfer solution that enables financial institutions and payment providers to offer competitive remittance services. ARIAS provides account-to-receiver service for the FEDGlobal ACH payment. MFIC also operates Alante Financial, a financial service center targeted toward unbanked immigrants that helps remittance senders and receivers enhance their economic well-being.

CONTACT: Yasuko Fumuro

(202) 503-1078

yfumuro@mfi-corp.com

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Microfinance International Corporation
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Washington, DC 20005
PHONE. 202 682-9700 Ext. 253
EMAIL: kkonkel@mfi-corp.com