WISeKey Announces the Development of a Mobile Payment Telco Platform as a new Commitment for the 2008 Clinton Global Initiative Annual Meeting

    NEW YORK and GENEVA, Sept. 26 /CNW/ - WISeKey today announced a new
commitment with the initial focus to target over 100 million people in the
Mediterranean region still unbanked but already connected via voice with their
mobiles phones. WISeKey will provide the trusted, secure and interoperable
m-payments technology required to operate a Mobile Payment Telco Platform in
selected geographical areas in partnership with financial institutions,
telecommunications and technology companies in the region.
    "It is our hope that the impact of this commitment will extend to reach
100 million disadvantaged people in 25 countries primarily in the
Mediterranean Region, including Africa during its first phase. Deploying the
platform in cooperation with Telcos will enable us to reach the unbanked base
of the pyramid consumers. For this commitment we are mainly cooperating with
Telcos using our technology to adapt with technology that allows the mobile
phone to be used as a financial tool," said Carlos Moreira, CEO of WISeKey.
    M-Payments are emerging as an important link that could bring the most
basic financial services to billions of unbanked cell phone users around the
world. Bringing the unbanked into the formal economy and allowing them to use
their mobile phone as identification and payment devices is a key element of
this commitment. Interestingly, a full 1 billion of the 5 billion mobile phone
owners have no access to financial services despite having the technological
possibility of activating this service.
    In order to materialize this commitment, WISeKey has been a key proponent
for the realization of the Summit of Local Mediterranean Cities and
Governments to be held in Malaga, Spain on the 3rd of October, to which the
Prime Minister of Spain, Mr. Jose Luis Rodriguez Zapatero has invited leaders
of the Mediterranean Region and Europe. For more information on this
commitment: http://www.wisekey.com
    As one of the first steps of this initiative, actor Antonio Banderas will
be the First Mediterranean Citizen in one of the most ambitious projects of
the Digital Mediterranean Space Summit: to create a community of 150 million
citizens online. The "I am Mediterranean" Project will provide access to all
citizens of the region from its hub in Malaga to a wide variety of citizen
services with a view to promoting the millennial common identity and culture.
Cities from all over the Mediterranean can join this initiative and establish
citizen services platforms locally that are interoperable across the region.
    WISeKey looks forward to replicating this initiative in other culturally
integrated regions of the world.

For further information:

For further information: Daniel Ybarra, VP Corporate Communications,
Phone: +41-22-594-30-00, E-Mail: dybarra@wisekey.com, Internet:

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