A strategic partnership to develop a Wallet App which is starting to bear fruit: after reaching the final of Citi Mobile Challenge Latam now M2Payment Latam Awards also recognize one of our most ambitious projects in Panama. Pay No Pain, a leading Spanish company especialized in easy and secure electronic payment, and Cuatroochenta Panama have entered into an agreement for the development and promotion of electronic payment solutions specially on mobile devices in Latin America.
Fruit of Cuatroochenta’s market position as a reference company in developing apps in Latam, and also in the field of innovation and new technologies, the company came to join forces with PayNoPain, company which brings its expertise in managing electronic and mobile payments from a legal, technological and financial perspective.
The agreement is still open to the participation of renowned brand from various industries such as banking, retail or MNO -which have already shown interest-, with the aim of implementing the payment in physical stores through mobile devices, as well as balance, payments and receipts management between users and, in some countries, cash withdrawals without credit card.
Finalist in the M2Payments Latam Awards in Miami
After being among the 50 finalists from across the American Continent in the recent Citi Mobile Challenge Latam 2014 -which led Cuatroochenta Panama to defend its candidacy in the final in Buenos Aires-, the second edition of the M2Payments Latam Awards (Mobile to Payments Awards) has selected a new project presented jointly by both firms as a finalist in the category “Best Moible Money Application” (Wallet App). The awards, convened by Frecuencia Latinoamerica to support the most innovative electronic payment initiatives, will be presented next July 17th in the conference Mobile Money & Payments, which will gather in Miami major financial institutions, mobile operators and credit card issuers. It is a fact that Frecuencia Latinoamerica has emerged as the leading speaker entity of the mobile communication sector in Latin America after 15 years of trajectory.
The two finalist in the category (totaling eight among four specialities) will have the opportunity to present their projects on the agenda of the event, which will be attended by prominent speakers, such as the head of Digital Banking at BBVA Bancomer, Hugo Najera; the delegate of Citibank in Latin America, Jorge Ruiz; or the manager of mobile solutions at SAP, Mary A. Gramaglia.
In addition, under the agreement between Pay No Pain and Cuatroochenta, both companies will develop a R&D team for the development of new models of electronic payment. Gathering multidisciplinary staff of both companies, the new team will look into all the possibilities offered by electronic payment, financial derivatives and its relationship to other technologies.