There will be over 5 billion mobile phone subscriptions worldwide in 2010. By the end of 2009, that number had already reached 4.6 billion subscriptions, or a 67 percent global penetration rate
Source: International Telecommunications Union,
February 23, 2010
Mobile Payments market to quadruple by 2014, reaching $630bn in value
Source: Juniper Research,
May 4, 2010
Nearly half of mobile phone users worldwide to make Mobile Payments by 2014
Source: Juniper Research,
April 21, 2010
The worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 at a compound annual growth rate (CAGR) of 59.2 percent to reach 894 million users in 2015
Source: Berg Insight,
April 23, 2010
The latest annual, quarterly and monthly data reported by central banks show that officially recorded remittance flows to developing countries reached $316 billion in 2009
Source: World Bank,
April 23, 2010

CPNI to Offer Person to Person Mobile Payments to Financial Institutions with Sun Technology

CPNI’s Person to Person Mobile Payments Software PATsend™ and Sun Java CAPS Will Provide Faster, Easier Integration for Banks

TORONTO, Canada, November 19, 2008 – CPNI Inc. (CPNI) today announced that it will offer Financial Institutions the integration of CPNI’s Phone Authorized Transfer (PAT) mobile commerce software with Sun (TM) Java Composite Application Platform Suite (Java CAPS). The new integration will provide Financial Institutions with a less costly and more efficient path to the profitable person to person mobile payments market.

By joining forces CPNI and Sun technology can provide faster, easier integration with Financial Institutions, accelerating the rate at which mobile payments can be deployed to bank customers and the speed at which Financial Institutions can tap into the rapidly emerging mobile payments market. Juniper Research forecasts 41.5 billion mobile financial service transactions will be made globally by the end of 2011. The GSMA estimates the current $375 billion USD global remittance market to grow to more than $1 trillion USD by 2012.

Java CAPS has been deployed by hundreds of global customers and more than 350 partners. A lightweight and extensible SOA platform, Java CAPS lets users rapidly add and integrate components in a modular fashion. Users are able to leverage existing and new IT investments to create an infrastructure that is more agile and better aligned with the needs of their organizations. The ability to provide CPNI’s bank-centric person to person mobile payments solution further enhances an already robust offering.

CPNI’s mobile commerce software, designed for Financial Institutions, provides a dynamic set of mobile payment and mobile banking solutions. PATsend allows people to send money to other people anywhere in the world simply by entering the recipient’s phone number on their mobile phone. PAT provides the infrastructure so people can send money to users not yet registered for the service, broadening the number of potential users for Financial Institutions. PATsend is complemented by PATbuy™ which enables mobile purchases from merchants and PATbank™ which provides a full suite of mobile banking services.

“Sun provides the leading global financial messaging solution for fully automated end-to-end payment processing around the world,” said Ambreesh Khanna, global head of financial services for Sun Microsystems. “By joining together our powerful technology with CPNI’s mobile payment solutions, we are further extending our reach in the emerging and fast-growing mobile commerce channel.”

“The integration of our PATsend person to person mobile payments solution with Sun’s Java CAPS provides huge benefits,” commented Patrick Bird, President and CEO of CPNI. “Java CAPS provides a single interface for direct communication with Financial Institutions. Banks can quickly and efficiently create a new revenue stream by offering a convenient, cutting-edge mobile payment service to their customers.”

About CPNI
CPNI Inc. (CPNI) is a private software development company headquartered in Toronto, Canada, with offices in Boston, MA. For Financial Institutions seeking mobile financial solutions, CPNI provides Phone Authorized Transfer (PAT), a global, bank-branded solution for remote payments and banking services. PAT allows people to transfer funds via PATsend™, make purchases via PATbuy™ and access banking services via PATbank™. Financial Institutions are able to leverage their existing accounts, security processes and settlement channels while retaining the ability to innovate, differentiate and compete. For more information, visit the company’s web site at www.cpni-inc.com.

For more information please contact:

Paramjit Gil
CPNI Inc.
Telephone: +1.647.439.5341
E-mail: info@cpni-inc.com