Mobetize Welcomes Elliott Lipsey to Advisory Ranks

BLAINE, Wash., Dec. 2, 2013 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCBB:MPAY), a technology innovator in mobile commerce payment solutions, today announced the appointment of mobile-commerce and payments leader Elliott Lipsey as an advisor to the company.

Mr. Lipsey, a Vancouver resident, has been one of Canada's most experienced executives in mobility and technology industry. Mr. Lipsey will lead Mobetize's mobile and e-commerce strategic relationship with Optimal Payments Plc (LSE:OPAY), a global provider of online payment solutions.

"Elliott Lipsey is among the most successful innovators in mobile commerce and payments," Messers Fowler and Hans said in a joint statement. "He has an enviable track record of success in migrating electronic commerce to mobile commerce – which is the precise mission of Mobetize. We are extremely happy to welcome a leader of Elliott's caliber as an advisor to our fast-growing company."

Mobetize and Optimal Payments are jointly targeting growth sectors of mobility, e-commerce, gaming and telecom solutions in a market that Mobetize estimates to total over $1 trillion. According to Optimal Payments, being an independent provider has allowed them to support tens-of-thousands of merchants around the globe across a wide range of Industries.

Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use Optimal's NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments and its NETELLER® payment service to increase margins, capture new customers and increase their lifetime value.

Mobetize is accelerating the migration of traditional e-commerce to mobile payments. 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. The Mobetize platform is designed to enable telecommunications operators to increase customer retention, maximize Average Revenue Per User whilst minimizing churn, a major cost to mobile operators and others – providing the market's smoothest and most cost-effective transition of existing e-commerce to mobile.

For Payment Service Providers like Optimal Payments, the Mobetize smart solution platform 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.

Mr. Lipsey has been successful in a range of growth, turnaround and merger-and-acquisition endeavors involving mobile, payment processing, financial services, enterprise ERP and CRM software and services, resellers, and large and small organizations. At Debit Credit Canada, Mr. Lipsey is President and Chief Executive Officer, a title he held previously at Stockgroup Media, Inc. He was Vice President, US Market of Make Technologies, as well as General Manager/Vice President at Open Solutions Canada/Datawest Technology Solutions, at which he helped turn OSC into the nation's most profitable banking system vendor. He has also served in executive management capacities at MPC Growth Strategies, IMPAC Services, Pracle, EMC and IBM.

A graduate of McGill University, Mr. Lipsey serves on the boards of numerous not-for-profit and civic organizations.

About Mobetize

Mobetize Corp. (OTCBB:MPAY) is a technology leader in mobile commerce payment solutions. Our smart solutions platform empowers our customers to increase ARPU and decrease churn while making unsurpassed improvement to customer retention. Mobetize 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 #205-8105 Birch Bay Square St. Blaine, WA 98230 206-347-4515 sfowler@mobetize.comSource:Mobetize Corp