Mosan e-wallet wins grand prize from the Central Bank of Timor Leste

Thursday, 19/09/2019 11:39
(CPV) - The Central Bank of Timor-Leste on September 19th honored Telemor for its Mosan e-wallet services (Viettel's brand) for the best financial services provider, making the largest contribution to the development of the financial sector in Timor-Leste.

 


This year, it defeated other strong financial institutions such as: Portuguese Bank (BNU Portuguese Bank), East-Timor Commercial Bank (BNCTL) and ANZ Bank.

According to Mr. Abraão de Vasconselos, Governor of the Central Bank of Timor-Leste, this annual award honors names that have made outstanding contributions to the development of the banking and finance sector in his country.

“We appreciate Telemor's contribution to building an extensive network and bringing convenience for people in financial services”, he stressed.

While Mr. Tran Van Bang, General Director of Telemor said: “By this award, we are proudly to be recognized by the Central Bank for our effort in developing and innovating for Mosan as its contribution to the development of financial sector in this country. This is a favorable condition for Mosan to take the next steps, bringing more convenient mobile financial products and services to Timorese people”.

Launching in October 2018, Mosan is the first e-wallet provided by a telecom operator in Timor-Leste. So far, it has maintained a monthly subscriber growth rate of 40% and quickly developed its network as over 400 points of sales across the country, surpassing all 5 current bank branches.

Thanks to that, thousands of Timorese people to have a great experience with Mobile financial services, especially those living and working in rural areas./.

ATP

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