Former Sprint Nextel Innovation Leader Pragnesh Shah Tapped as CEO of Mobilians International, Inc.
Company plans to introduce innovative mobile payment services in the U.S.
Reston, VA (PRWEB) April 30, 2007 -- Mobilians International, Inc. named Pragnesh N. Shah as President & CEO. The company plans to introduce innovative mobile payment services for the U.S. market. Mobilians International is an U.S. entity backed by parent company, Mobilians Co. Ltd. of Korea (www.mobilians.co.kr).
The company offers consumers payment alternatives for e-commerce website purchases without relying on credit or debit cards. The company partners with online e-commerce merchants and mobile phone companies to provide innovative payment services utilizing real-time fraud management systems, secure data processing, mobile text messaging and the mobile phone bill for posting online purchases.
"With services provided by Mobilians International and our partners, consumers will be able to make fast, secure, E-commerce transactions and have an easy way to pay via their existing mobile phone bills," says Shah. "Consumers will benefit with no required registration, convenient online transactions and less worry of fraud often associated with credit cards. Our e-commerce merchants and mobile carrier partners will benefit by increased revenue in the continually expanding E-commerce industry, and the evolving M-commerce (mobile commerce) industry in the U.S. Utilizing the proven capabilities and knowledge of our parent company, which serves millions of consumers each month, we will bring new payment services to the U.S. and other markets."
Mr. Shah has over 12 years of experience in the wireless services industry, with over 10 years of experience at Sprint Nextel Corporation. He most recently was Sprint's Vice President -- Product Innovation, where he formed and led the company's innovation and incubation program that included business modeling, technology development, and customer trials in mobile commerce and other emerging areas. At Sprint he also held several executive level positions spanning E-commerce, customer operations, retail sales, corporate strategy and merger integration. He was also Vice President & GM of the Sprintpcs.com Business Unit driving growth of wired and wireless Internet services. Prior to Sprint, Shah was a mechanical design and systems engineer at NASA. He has an MBA from the Harvard Business School, and Bachelors and Masters degrees in engineering from the George Washington University.
Mobilians International also announced today that Mr. Sanjay Khurana will serve on its Board of Directors. Mr. Khurana is an adviser and investor in high growth, technology start-up companies. Previously he was with Sprint Nextel Corporation, serving in a variety of executive roles in technology assessment, product development and incubation of emerging areas.
"Having Mr. Shah lead the company, and Mr. Khurana on our Board, demonstrates our commitment in the U.S. market, and represents a significant step in our plan for providing premier integrated E-commerce and M-commerce payment services in the U.S.," says Mr. Chang-yup Hwang, Chairman of Board for Mobilians International, Inc. and CEO of Mobilians Co., Ltd.
About Mobilians International, Inc.
Mobilians International, Inc. is an independent U.S. corporation, with headquarters outside of Washington, D.C. and offices in San Jose, California. Mobilians International is deploying E-commerce and M-Commerce payment solutions in the U.S. It is backed by publicly traded Korean parent company Mobilians Co., Ltd.
About Mobilians Co., Ltd.
Mobilians Co., Ltd. is a major E-commerce solutions provider based in Seoul, South Korea. It offers services for digital content and physical goods with products ranging across mobile phone payments, mobile wallet solutions, mobile transit ticketing, and prepaid gaming cards. With over 50% market share, Mobilians Co., Ltd. is a well known, established market leader. Mobilians processes millions of secure, real-time transactions each month, working with thousands of online merchant partners, and all the major mobile phone carriers. For more information, visit www.mobilians.co.kr.
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