NETinfo Plc has joined the ‘Project Plan to Enhance Business Innovation’, which has been subsidized by the European Regional Development Fund and the Republic of Cyprus. At the same time, the company has been approved for a total grant allocation of €105.278 to design, develop and promote an integrated system allowing payment transactions through mobile phones (Mobile Financial System – MFS). System users will have the ability to perform cash transactions safely and easily through any mobile phone.

Work on the design and technical product development for MFS has been finalized and is proceeding to a specific timetable. When the project is complete, NETinfo Plc will be a renowned leader in Cyprus, at the same time putting Cyprus on the world map in the field of Informatics and Telecommunications.

The promotion of MFS has already began by introducing the product to its network of partners across a number of countries in Europe, Middle East, Africa, Latin America and the independent state of the former USSR, where all the feedback has been extremely optimistic. This network will be constantly expanding and this innovative system will successfully penetrate new markets, leading the company in a high growth trajectory and financial soundness.