Internet Mobile Communications Ltd announce their 1000th active Member to join Bank of Telecom®

IP Business SAC Peru become the 1000th Bank of Telecom Member UK-based company Internet Mobile Communications Ltd (IMC) today announced that it has welcomed its 1000th active Member to its Bank of Telecom®. Bank of Telecom is owned and operated by, and is a registered trademark, of IMC.

IP Business SAC, Peru became Bank of Telecom’s 1000th active Member and will be looked after by IMC’s regional team based in Santiago, Chile. IMC’s Bank of Telecom, launched in 2015, delivers to carriers of international voice and SMS a unique proposition of an automated online trading platform, offering same-day settlements via its FX partners Western Union Business Services and AMEX.

By stripping out banks from international settlements, Bank of Telecom gives its Members significant financial and operational benefits. Same-day settlements at a fixed fee of $10 (a fraction of bank wire fees) gives customers 100% utilization of their cash rather than having to keep money in their account while the banks move money internationally, which can take anywhere from at least 5-7 days.
With over 100’s of routes from 1000 carrier Members across 130 countries, Bank of Telecom carries millions of retail and wholesale voice minutes every month. It also helps carriers make informed decisions with a suite of value-added services from free CLI and NCLI testing through to HLR look ups.

Back in November, IMC announced via its wholly-owned subsidiary Internet Mobile Communications Malta Ltd, the introduction of BoTCoin® Market – the world’s first regulated, Blockchain-powered international settlement service bringing even more operational and financial benefits to customers worldwide. Its Blockchain token, BoTCoin®, is also accepted within Bank of Telecom.

In the challenging carrier industry of international voice and SMS, IMC remain committed to bringing products and services to market that help protect the bottom line for carriers worldwide, helping them to make the most out of every minute and SMS.

About IMC;
Established in the UK in 2012, Internet Mobile Communications Ltd (‘IMC’) is a FinTech and international telecommunications business. IMC has three divisions comprising International Carrier Services, Retail and Mobile Marketing, with presence in Chile, India and Malta. Trading under theBank of Telecom ® brand, IMC provides a rich portfolio of voice, SMS, data and international settlement services to the global carrier community. IMC developed, owns and operates the Bank of Telecom® with 100’s
of routes from 1000 carrier interconnects across over 130 markets, carrying over 150 million international minutes per month. Bank of Telecom ® Members include many major PTT, MNO, MVNO and Tier1 carriers as well as hundreds of small niche telecom suppliers. IMC also runs IMC Xpress, a prepaid service that provides Premium and Standard A to Z termination from its online portal.

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