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Monday, September 08, 2008 - 9.19 GMT
New BOI venture to launch Mobile Commerce services in Sri Lanka

 
A new venture to provide mobile commerce solutions for the local market was approved by the Board of Investment (BOI) recently. Minister of Enterprise Development and Investment Promotion Dr. Sarath Amunugama, formally presented the BOI Certificate of Registrations to Nilkamal Weerasooriya, Managing Director of U. Generations Mobile Solutions.

The Utiba Mobile Commerce platform is the leading platform in the global mobile payment systems. Currently over 225 million subscribers use an Utiba solution on their phone.

The agreement signed with U.Generations Mobile Solutions (UGEN) is an investment of US $ 900,000 and will generate employment for 20. UGEN is a joint venture between Genesiis Software (Pvt) Limited, a fully owned subsidiary of the Finco Group of Companies and a Singapore based company, Utiba (Pte) Limited. Utiba (Pte) Limited specialises in providing Advanced Mobile Commerce solutions and platforms.












 
 
   
   
   
   

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Last modified: July 22, 2009.

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