Vipera Plc (LON:VIP), the specialist provider of mobile financial services, has today announced the Company’s largest contract to date, worth an initial US$2.4 million of revenue. This contract relates to significant follow-on business with one of the UAE’s leading financial institutions. Building on its successful mobile banking solution, the company will be developing the next generation of omni-channel banking and payment solutions, including an accelerated programme of digital innovation, for the client. In particular, VIP will be delivering contactless payments and enhanced web banking, as well as continuing to develop its existing services including Siripay, chatbots and mobile rewards.
During its long-standing relationship with the client, the company has implemented its digital banking services in multiple regions and local languages including solutions for Egypt, Qatar, Kuwait and Bahrain. To further support this growth, Vipera’s Motif platform will offer an omni-channel solution that enable a seamless customer experience, delivering focused services and products across mobile, web, ATM and branch networks.
Vipera’s solution delivers a seamless customer experience across all channels, on mobile and wearable devices, or web browsers to ensure that users can access services and information both off-line (at any physical location) and on-line through an integrated physical and digital payment ecosystem. This new offering will empower both branch staff and customers and will be personalised for retail, SME and corporate banking customers across multiple countries.
This new contract is worth an initial US$2.4 million of revenue to Vipera as the project is delivered over the next 15 months. A five year programme of support and enhancements, is expected to be entered into, which it is anticipated will deliver an additional US$2.0 million of revenue to Vipera.
This contract, combined with other customer rollouts, brings Group committed revenue at the end of Q1 to €7.0 million (Q116 €5.0 million). In addition to this the Company remains focused on executing on its pipeline which is in excess of €8.0 million.
Marco Carsatelli, CEO of Vipera PLC commented: “We are delighted that our work to date and our excellent relationship with a valued client has resulted in our largest order to date. Vipera, using its Motif platform, has always fulfilled the challenges and supported the bank’s goal to become a market leader in innovation. Our Motif platform helps banks with industry specific, ready-to-go implementation accelerators. We will be responsible for the implementation, system integration, testing and roll-out of the solution. Using the Omnichannel approach, the bank will also reap the rewards of better customer intelligence and a clear idea of how best to spend precious budgets. This contract reinforces our confidence that 2017 will be a year of great progress.”
