Mobetize and RentMoola Team Up: The First of the Month Just Got Easier

BELLEVUE, Wash., Oct. 23, 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 signing of a partnership with RentMoola to bring mobile rent payments to Canadian tenants and landlords. The partnership is designed to bring the efficiency and simplicity of mobile payments to the longstanding manual and often arduous process of paying rent.

"The time-honored process of paying the rent has historically been marred by inefficiencies, late payments and logistical challenges ranging from untimely mailing to traffic jams delaying personal delivery of rent payments," said Mobetize Co-Founders Stephen Fowler and Ajay Hans. "The Mobetize-RentMoola mobile payment solution guarantees funds and eliminates these speed bumps, saving time, money and aggravation for property managers and tenants alike."

"The cost savings we enable are substantial – as much as $25 for processing and handling for a typical check and $20 for set-up of a standard pre-authorized debit," said RentMoola Chief Executive Officer Patrick Postrehovsky.

For a low flat service fee, the combination of Mobetize's smart solutions and RentMoola's PCI-compliant platform enables property managers to receive mobile rent payments from their tenants. RentMoola allows tenants to use any major credit card to make auto-recur and one-time payments from more than 100 countries. Tenants can also have access to additional awards via RentMoola's MoolaPerks program.

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 RentMoola

RentMoola is a mobile and online payment network in partnership with Visa, MasterCard, Discover, American Express and RM Direct Debit™ powered by BMO Financial Group. Accept credit card and direct debit payments at no cost to you. Let your tenants earn rewards faster with our MoolaPerks program.

RentMoola also provides powerful cloud financial, transactional and accounting reports ensuring seamless integration into existing accounting systems. RentMoola is a secure and certified Payment Card Industry Data Security Standard (PCI DSS) company. More information may be obtained at www.rentmoola.com.

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: Mobetize Corp. Mr. Stephen Fowler - President 206-347-4515 sfowler@mobetize.com RentMoola Philipp Postrehovsky - COO & Co-Founder 604-657-2775 philipp@rentmoola.comSource:Mobetize Corp; RentMoola