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Loop Mobile presents Mobile Money from Zipcash for Subscribers in Mumbai

Mumbai , 29 August, 2011

1st time the mobile can be used as virtual wallet to pay bills, recharge, buy movie tickets etc

Loop Mobile, Mumbai’s No. 1 GSM network, has taken another leap in the Mobile Value Added Services area, by introducing 1st time in Mumbai - Mobile Money service in partnership with ZipCash. Loop Mobile subscribers can now use their mobile phone as a virtual wallet for mobile & utility services as electricity bill payments, prepaid

recharges, digital TV recharge, online shopping, buying movie tickets and more. In addition, subscribers can also book travel tickets, avail gift vouchers or local deals & offers, all directly via the convenience of their mobile phone. In the future, this shall also be extended for using at restaurants.

The service is available by simple SMS commands and does not require the subscriber to replace his SIM card. Loop Mobile subscribers can visit the closest Loop Mobile Gallery to register for the Mobile Money service and load cash into their Mobile Wallets. Subscribers need to send an SMS “Money” to 51888 (toll free). Registering and managing a mobile money account is at no extra cost.

Commenting on the launch, Surya Mahadevan, COO, Loop Mobile (India) Limited said, “"Mobile phones have moved beyond vanilla voice communication, emerging as a tool for daily usage embedded within the user’s lifestyle. We, at Loop Mobile, are committed to introduce innovative value added services that enrich customer experience with 1st of its kind services providing convenience, engagement and saving time. We are excited to announce the launch of Mobile Money which will help our customers make cashless payments through their mobile phones, anywhere, anytime in Mumbai.”

Vivek Saxena, Founder & CEO, ZipCash said, “The Mobile plays more and more central role in our lives. We already use it for talking, texting, checking mails, staying connected with friends via social networks, listening to music etc. By turning it into a wallet, we convert it into an even more powerful tool which can empower millions to be a part of the digital revolution and enable them to transact online to buy tickets, goods, services or pay their bills in a safe, secure and convenient manner. We are thrilled about partnering with Loop Mobile and bringing to their subscribers the power of Mobile Money”

-end-

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