Singapore, 01st November, 2010 –Utiba, a leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, is pleased to announce the appointment of three new members to its leadership team, Abhishek Bhalla as Regional Director, SAARC region, Surajit Bhattacharjee as Director – Strategic Projects & Revenue Enhancement, Global and Khurshid Khair as General Manager Pakistan,Utiba.

As Regional Director SAARC, Utiba, Abhishek Bhalla, will be responsible for the overall operations, business processes and enhancing company’s position in the region. In this new role, he will lead operations in the India, Sri Lanka, Nepal, Bangladesh and Bhutan.

Abhishek has a strong background, experience and skill set in the industry which will help consolidate Utiba’s continued expansion plan in the region.  Abhishek has joined Utiba in 2009, as Sales Director for the SAARC region and Group Account Manager, for key global group accounts like Orascom and Tigo (Millicom International group).

In his second stint at Utiba which started on October 25th, Surajit Bhattacharjee, one of the founding employees of Utiba India, will be responsible for creating and managing a new global Revenue Enhancement group within the company.

Over his 17 years experience, Surajit has worked with telecom operators and vendors on solutions like mobile payments, mobile banking, and billing systems.  Surajit varied experience in the industry has endowed him with deep insights and expertise in the sector.

Joining Utiba in one of its most important markets, Pakistan, Khurshid Khair took charge on Oct 24th as the General Manager – Pakistan. He is responsible for managing and expanding Utiba’s operations in Pakistan. This includes pursuing new business development and leveraging Utiba’s presence in the region.

Khurshid has extensive and diversified experience in information technology, telecom and banking industry. He has held senior positions at Bank Alfalah- an Abu Dhabi Group Bank, Standard Chartered Bank and National Bank of Pakistan.

Announcing their appointment, Richard Matotek, Co, Chief Operating Officer, Utiba said, “We are extremely pleased to get such talents on board. Utiba is committed to continually strengthening its resource base to further achieve its overall business objectives. We are delighted to have them on board and believe that their experience and knowledge will be immensely valuable and will further enhance Utiba’s position in the market.

“It will be our endeavor to achieve leadership position in markets by delivering a superior service, backed by extensive domain knowledge, technology, and focused attitude towards mobile financial transaction domain that will help us expand globally.”

About Utiba Pte. Ltd.

Founded in the year 2001, Utiba focuses on developing scalable, flexible and modular Mobile financial transaction platforms. The domain covered by its products ranges from Airtime distribution to airtime share to retail banking to domestic & international remittance and so on. Utiba’s provides the mobile financial transaction solutions to MNOs, Banks and Third party PSPs alike, while the solutions have also found profound traction in the Microfinance and rural banking industry. Today Utiba’s products are successfully deployed across 17 countries with more than 20 customers, both Banks and MNOs. For more information, visit www.utiba.com.

For more information on Utiba contact:

Ritesh Andley

Ritesh.andley@utiba.com

Madhvi Sethi

Madhvi.sethi@utiba.com; +91 9899783541