Palo Alto, Calif., Feb 11, 2009 - Altran™, a global innovation, technology, and services company focused exclusively on communications, today announced its role in the joint development of a new mobile banking application for Pocit, a subsidiary of a major information technology company, Tradebridge, backed by Capitec Bank, the fastest growing bank in South Africa.
Pocit, a sister division of health bridge, was formed as a spinoff from healthbridge’s payment solution for healthcare providers. Pocit’s personal mobile payment tool was launched recently and is promoted as being the simplest, most convenient and secure way to pay anyone, anytime, anywhere through a cell phone number.
Developed by Altran, the mobile component of the Pocit application, allows anyone with a credit card or bank account to make payments directly from the mobile application via cell phone without having to know the recipient’s specific banking details. Once registered with Pocit, a user can receive, send, request, and store money. “We are excited to be at the forefront of banking and mobile industry convergence by bringing to market Pocit's personal mobile banking tool,” said David Reynders, Managing Director of Pocit. “Altran's deep domain expertise in mobile applications, networks, and operating systems made them the ideal partner for us in this bold endeavor.”
The handset application was developed on an open-source framework J4ME, which was greatly enhanced by Altran’s development team over the life of the project, resulting in a flexible framework upon which more complex functionality could be added in subsequent phases.
“Mobilizing Pocit’s secure, innovative banking application across hundreds of legacy and newly released phones presented a number of technical hurdles. For example, we had to optimize the processing and memory limitations of older devices while maximizing the features of new devices such as touch screens,” said Elsje de Wit, Managing Director of Altran South Africa. “Banking and mobile networking are a natural fit, and we are very pleased to co-create this compelling application with Pocit.”
Pocit is already attracting positive attention around the globe, from as far afield as the United States and other parts of Africa. In December 2008 the company launched Pocit Money which is similar to a shopping voucher; it allows money to be stored in the phone for multiple uses. As an example, parents can send money to a child at a university in another town, who can then use that money to pay for a variety of services. Pocit Elect is a world-first for elections, based on the model used by Barack Obama and his team, Pocit Elect takes the idea of cellphone fundraising for political parties further by giving a single SMS number for donating to any one of multiple political parties.
Pocit is a subsidiary of a major information technology company, Tradebridge, and is backed by Capitec Bank, the fastest growing bank in South Africa. Payments by Pocit are just 30c each compared to a minimum of R2 for internet banking and at least R5 to draw cash from an ATM or around R7 to draw cash from a teller in a bank. Pocit can be used on any cell phone with a color screen on any network. Pocit can send or receive money from any bank, all the payer needs are your cell phone number.
Altran is the world leader in engineering and R&D services. Altran offers its clients a unique value proposition to meet their transformation and innovation challenges. Altran supports its clients, from concept through industrialization, to develop the products and services of tomorrow and has been working for more than 35 years with major players in many sectors: Automotive, Aeronautics, Space, Defense & Naval, Rail, Infrastructure & Transport, Energy, Industrial & Consumer, Life Sciences, Communications, Semiconductor & Electronics, Software & Internet, Finance & Public Sector. Altran has more than 50,000 employees operating in over 30 countries.
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