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Mobetize Launches Mobile Financial Services With DCR/TruCash for Prepaid Card Customers Globally

BLAINE, Wash., Nov. 18, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp (OTCBB:MPAY) has completed the integration with DCR Strategies Inc – TruCash and is launching this quarter the joint solution as a mobile wallet and mobile financial services (MFS) platform to DCR-TruCash customers. DCR shall be converting immediately 30,000+ current mobile prepaid account users plus offering the new MFS platform with features such as the mobile wallet, air-time recharge, bill payments and P2P money transfer to the many millions of existing prepaid DCR-TruCash card account holders in North America.

The DCR and Mobetize R&D and Marketing teams have been working diligently since early September 2014 to commence Phase 1 commercialization of the business relationship. The joint technology integration positions both companies uniquely to offer mobile financial services and products to millions of customers under contract by both firms.

Diana Fletcher, President of DCR Strategies Inc. stated: "We are extremely excited about our partnership with Mobetize and from the feedback from our clients stating their immediate desire to launch valued added financial services integrated to our existing prepaid card programs."

Mobetize CEO Ajay Hans noted: "The market validation by DCR and their clients that are well known brands in North America further strengthens the business opportunity and scalability of the Mobetize solution which we are confident will result in meeting and exceeding our customer conversion and revenue targets.

About DCR Strategies Inc. | TruCash

DCR Strategies Inc., is an international leader in program management for Incentive-based Prepaid Cards, Debit Cards, Loyalty Products, Payroll and Government Solutions, along with the unique proprietary points-to-cash Loyalty Platform, TruCash. From flexible payment products to proven loyalty solutions, DCR Strategies Inc. (DCR) brings ideas and technology together to help satisfy the world's payment and affinity needs. Founded in 2002, DCR has grown to become a market leader in the prepaid and loyalty space servicing more than 30 global markets with hundreds of Corporate customers that reach millions of users all around the world. A thought leader in the prepaid space, DCR Strategies is also onTwitter, Facebook, LinkedIn and Google+.

About Mobetize Corp.

Mobetize Corp. (MPAY) is a technology leader in mobile commerce payment solutions. The Company's smart solutions platform empowers its 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 enables telecom operators, to simplify the delivery of mobile financial services. Mobetize ensures end-to-end integration for services such as retail/online payments, air-time top ups, international remittances, P2P transfers and Visa/Mastercard programs on mobile devices. Mobetize seamlessly integrates and white labels their secure mobile money platform with their delivery partners to help increase their revenues, decrease customer service costs and increase loyalty to existing offerings. For more information, visit http://www.mobetize.com.

CONTACT: Stephen Fowler - CFO Mobetize Corp. (206) 347-4515 sfowler@mobetize.com David Mossberg Three Part Partners (TPP) 817 310-0051 dmossberg@threepa.comSource:Mobetize Corp;DCR Strategies Inc.| TruCash