IBM SmartCloud infrastructure is based on IBM servers, storage and software optimized to meet growing mobile demand. In addition, Monet has outsourced the entire networking, security, cryptographic solutions, and disaster recovery to IBM, in order to focus on its core business.
"Mobile and Cloud are a powerful combination to provide sustainable and affordable banking services to millions of people in
, CGM, IBM Pakistan and
. "IBM has global experience in the financial services sector and a thorough understanding of the local market, and our engagement with Monet is expected to benefit banking customers across the country."
The agreement was signed in
's first and only shared access Mobile Financial Services (MFS) platform connecting banks, mobile operators and merchants. Monet envisions a world-class, feature-rich, fully-managed platform enabling the next generation of an electronic payments eco-system. Monet has already formed a strategic partnership with a leading commercial bank and a large telecom operator to enable the launch of a new mobile money brand in
. The company has attracted a private equity investment from Abu Dhabi Group (ADG). ADG is one of the leading business conglomerates in the
with diversified business interests in
. ADG is led by His Highness Sheikh
Nahayan Mabarak Al Nahayan
- the Federal Minister for Higher Education and Scientific Research of the
United Arab Emirates
About IBM Cloud Computing
IBM has helped thousands of clients adopt cloud models and manages millions of cloud-based transactions every day. With cloud, IBM helps clients rethink their IT and reinvent their business. IBM assists clients in areas as diverse as banking, communications, healthcare and government to build their own clouds or securely tap into IBM cloud-based business and infrastructure services. IBM is unique in bringing together key cloud technologies, deep process knowledge, a broad portfolio of cloud solutions, and a network of global delivery centers.
For more information about cloud offerings from IBM, visit
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