Enhanced for M2M roaming requirements, MACH’s data and financial clearing solutions provide global coverage for MobiquiThings’ customers.
MACH, the leading provider of hub-based mobile communication solutions, has today announced that it is delivering a new data and financial clearing and settlement proposition, which is tailored to the unique Machine-to-Machine (M2M) environment, to MobiquiThings, an M2M-specialist operator.
As one of the first pure M2M service providers to sign up with MACH, in what is becoming an increasingly important growth market for international clearing providers, MobiquiThings will leverage MACH’s unrivalled experience in global clearing, settlement and payment management for its innovative M2M services.
According to analyst house Infonetics Research, the global M2M market will be worth $3.8bn by 2015. While still a relatively new concept, the range of applications that M2M enables, including remote monitoring of utilities, e-health patient monitoring and in-car infotainment entertainment among others, means that it will see strong growth in the short to medium term. While this represents a great opportunity for innovative players such as MobiquiThings, the nature of M2M communications is completely different to that of the traditional mobile market and presents unique challenges. Average Revenue Per SIM (ARPS) is much lower than with traditional mobile telecommunications, while transaction volumes are much higher, requiring a completely different approach to tackling data clearing and settlement.
Cyril Hullin, Chief Executive Officer, MobiquiThings commented:
“Out of all the companies we spoke to, MACH was the only provider who understood the unique requirements of the M2M space and honed their services to suit our needs. With some M2M messages weighing just 1Kb, or even less, and representing much smaller ARPS than is normal for the mobile industry, MACH has ensured that we have the right, M2M-specific, inter-operator tariff processes in place to effectively transact data across the world and monetise our business.”
Artur Michalczyk, Chief Product Officer, MACH commented:
“The M2M market represents an important new revenue stream for MACH and we are delighted to be able to announce MobiquiThings as one of our first dedicated M2M customers. With the explosion in smart devices across a range of industries, MobiquiThings stands to share in a very lucrative revenue stream.”
“Their business can only work on a global level, however, if the correct inter-operator tariffs are in place and data and revenue is cleared and settled immediately and effectively. We believe we are the only clearing house with the ability to do this effectively for M2M communications today and we look forward to helping MobiquiThings extend their business across the globe.”
MobiquiThings provides customers with unique SIMs that can automatically choose which network to connect to based on quality of service and cost parameters. It was therefore important for the company to rely on a data and financial clearing provider that could work with the widest number of partner networks globally. This was a key factor in its selection of MACH, which, with over 650 operator relationships, can offer the company an unrivalled global reach. Through MACH, MobiquiThings will benefit from optimised cash flow, reduced revenue leakage and a faster launch time into new markets. By outsourcing its data clearing and financial clearing and settlement requirements to MACH, moreover, MobiquiThings will benefit from huge CAPEX savings and will free up internal resources to concentrate on its core business.
IoT White Paper
Simplify IoT solution development with Intel and Microsoft
- Intelligent Edge White Paper Series -