MONTREAL, Oct. 12, 2012 /PRNewswire/ - Hybrid Paytech (CNSX: Freeport Capital - FAS), a leader in mobile payment innovation has announced that Hybrid PayTech Asia Inc. has provided an integrated solution for Smart Hub Inc.(SHI) in the Philippines which was launched at the Shangri-La EDSA Mall this past week with major success. The solution is planned to be sold to SHI's existing and new merchants, and will enable them to accept MasterCard and possibly Pin Debit transactions in the near future, using their own smartphones or tablets. The two day event provided an excellent environment in one of the top Philippine Malls with the Country's largest Telco -Smart Communications Inc. A subsidiary of PLDT (NYSE:PHI) and parent company to Smart Hub, Inc.
Mr. Gary Repchuk President of Hybrid PayTech Asia stated, "We are excited to have been part of such a major event with the SMART group of companies and enabling them to accept and process MasterCard payments over smartphones & tablets. The Philippines is quickly becoming one of the world's most vibrant emerging markets and to have established working relations with Smart Hub Inc. could not have come at a better time to demonstrate our ability to facilitate secure mobile payments, when the mobile payment market is in its infancy
The Philippines represents a strong opportunity for Hybrid as the launch center for its dealings in Asia. The market is underserved and under-banked with a population nearing hundred million people. Financial Institutions and Telco's are aggressively pursuing deployment of Mobile Technology to deliver inexpensive but best of available technology at a rapid rate."
About Smart Hub Inc.Smart Hub, Inc. (SHI) is a pioneer in mobile banking and mobile wallet services, implementing a proprietary mobile commerce infrastructure that spans various products and services across different market segments. SHI provides opportunities for financial institutions to introduce their services to unbanked customers, and for mobile network operators to expand the range of products available to their customers. It provides open mobile payments processing with value-added services. SHI is a subsidiary of Smart Communications, Inc.