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Sicap and Wincor Nixdorf unveil new ATM mobile money solutions

February 15, 2010

At the Mobile World Congress 2010 in Barcelona, Spain, Sicap andWincor Nixdorf AGunveiled ATMs specially designed for unprecedented mobile money services, including cash-in /cash-out transfer facilities.

Jointly designed and developed by Sicap, the Swisscom-owned mobile solutions pioneer, and Wincor Nixdorf, an Automated Teller Machine (ATM) manufacturer and IT solutions provider to the retail banking sector, to install in retail outlets or offsite prime locations, the machines are set to kick-start the usage of ATMs for mobile network operators and mark an important evolution in how mobile customers interact with their operator.

"Being first to market with an m-transaction ATM confirms our pioneering spirit, our server-side expertise and our ability to deliver user-friendly services in their regional context. We are proud to partner with Wincor Nixdorf as a reputed leader in ATM technologies to achieve this." said Sicap CEO Jürgen Samuel.

"Mobile money solutions powered by Wincor Nixdorf financial services expertise will give operators a clear competitive advantage and customers a consistent and worthwhile service experience,' said Stefan Auerbach, executive vice president of Wincor Nixdorf Banking. "With its expertise in the network operator market, Sicap is an ideal partner for Wincor Nixdorf to expand our successful multi channel software approach to the benefit of mobile carriers."

The ATMs have initially been configured for three high-demand solutions: mobile cash remittance, cash topup and self-service subscription management. Sicap and Wincor Nixdorf have jointly pioneered the design and development of the three solutions whereby Wincor Nixdorf manufactures the ATMs and their server-based software, while Sicap architects and implements the service to the operator environment.

The ATM Cash Remittance solution responds to strong demand in markets where mobile phone accounts largely outnumber bank accounts. The convenience factor is a clear benefit compared to traditional over-the-counter money transfer mechanisms, and attractive commission charges mean that even low-denomination person-to-person transactions are feasible.