Mobetize Adds Hugo Cuevas-Mohr to Advisory Board

BELLEVUE, Wash., Oct. 16, 2013 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTC:MPAY), a leading mobile money enabler offering partners key technologies for digital and mobile commerce payment solutions, today announced the appointment of international money-transfer leader Hugo Cuevas-Mohr as an advisor to the company.

Mr. Cuevas-Mohr, a native of Guatemala, has been an international leader in the money-transfer industry for more than two decades and is currently the Director of IMTC Conferences, developing Conferences and Trade Fairs on International Money Transfers such as IMTC Miami, IMTC West in US, IMTC Mexico and IMTC Brasil. Mobetize Co-Founders Stephen Fowler and Ajay Hans said the addition of Mr. Cuevas-Mohr to our Advisory Board reflects an increasingly cross-border expansion of the company.

Mobetize, whose common stock trades under the symbol, MPAY, is accelerating the migration of traditional e-commerce to mobile payment. The company's smart solutions platform provides telecommunications operators and payment gateways unparalleled mobile functionality in bill management, payments, recharge, domestic money transfers, international remittances, point-of-sale functionality and numerous other related technologies.

Mr. Cuevas-Mohr built and sold one of the largest companies in the industry in Latin America. He also served as a high-level executive with several money-transfer companies in the United States, Latin America and Europe. He also has consulted for numerous bank and non-bank money-transfer providers and foreign-exchange firms throughout the world and is a frequent speaker at major international conferences.

Mr. Cuevas-Mohr has a BA from WPI and MS from Auburn University in the United States, as well as a Diploma from the Universite Catholique de Louvain in Belgium. He speaks several languages.

"Hugo Cuevas-Mohr brings tremendous international money transfer experience and contacts to our company as we approach a significant cross-border expansion of our offering," Messers Fowler and Hans said in a joint statement. "Hugo is one of the industry's pre-eminent figures on three continents, and he will be invaluable to Mobetize as we extend our market reach both in North America and then across the globe."

Mobetize is a world leading Mobile Money Enabler. Leveraging its network of international corporate partners, Mobetize provides both telecommunications operators and payment gateways unparalleled mobile money functionality and numerous other related technologies.

Mobetize's smart Solutions platform is specifically designed to enable telecommunications operators to increase customer retention, maximize Average Revenue Per User (ARPU) and minimize churn. Through their partnership with Mobetize, operators are able to seamlessly promote the smart Solutions including money remittance & transfer, bill management and global airtime recharge to their end users.

For Payment Service Providers, Mobetize brings a swift, simple delivery of mobile commerce to merchants and their customers. Payment companies can use Mobetize to accelerate and simplify their introductions of mobile super wallets, mobile Point-of-Sale functionality and mobile self-checkout. Mobetize is designed to optimize anytime/anywhere mobile commerce and achieve increased payment transaction volume via a secure, reliable and easy-to-deploy mobile interface.

About Mobetize

Mobetize Corp. (OTC:MPAY) is a world leading Mobile Money Enabler. Leveraging its network of international corporate partners, Mobetize provides both telecommunications operators and payment gateways unparalleled mobile money functionality and numerous other related technologies. Mobetize smart Solutions shift existing e-commerce to mobile with unrivaled simplicity, efficiency and cost-effectiveness.

Mobetize's brand-able platform brings mobile devices secure and easy bill management, payments, recharge, domestic money transfers, international remittances, point-of-sale functionality and numerous other related technologies. Mobetize provides the industry's most complete mobile solutions platform to both telecommunications operators and payment gateways.

For more information, visit http://www.mobetize.com or call 206-347-4515

CONTACT: Mr. Stephen Fowler - President 206-347-4515 sfowler@mobetize.comSource:Mobetize Corp