­Mobile payments services provider, Spindle says that it has signed an agreement with the mobile banking services provider, Utiba.

Spindle will provide mobile acceptance technology and services to complement Utiba's Converging Payments solutions. Spindle will also upgrade the consumer-to-merchant experience by integrating its mobile marketing capabilities within Utiba's mobile financial services offering.

"This arrangement will give Utiba's customers the ability to conduct open-loop transactions in numerous countries. Just as importantly, the partnership provides Utiba with access to loyalty, coupons, and other offers that are integrated into the Spindle platform." said Bill Clark, president of Spindle.

Based in Scottsdale, Arizona, Spindle offers a platform that supports consumer and merchant engagement services including payment, couponing, loyalty, and advertising in a secure end-to-end SaaS platform. Spindle offers a technology-agnostic platform that manages customer boarding, risk and underwriting, and transaction processing.

Headquartered in Singapore, Utiba serves a wide array of financial services organizations, mobile operators and payment service providers around the world. Addressing the needs of 'unbanked, underbanked and banked' consumers and merchants, Utiba's platform allows its customers to offer a reliable and secure mobile payment service through mobile devices, e-commerce sites and point-of-sale locations.

"Spindle's rich experience and solutions in key growth areas such as acquirer processing and mobile advertising dovetails extremely well with our Converging Payments strategy," said Richard Matotek of Utiba. "This partnership serves as a springboard to create and capture many new opportunities and markets in this rapidly evolving mobile commerce space."