…Updates airtime and data credit patents.
Channel VAS Group, the global premium fintech and data analytics company, has been
granted exclusive Patents and Intellectual Property rights for its pioneer Airtime Credit and
Data Credit products and services. Channel VAS products are live through Mobile Operators
in 34 countries. Airtime Credit and Data Credit Services allow out-of-credit mobile
network subscribers to obtain extra credit for call time and data usage in advance,
providing Mobile Network Operators with a risk-free virtual airtime distribution
channel.
“Securing our rights on the proprietary technologies that we have first brought to the
market is a necessary part of business for a company like Channel VAS, that spearheads
the digital and fintech evolution,” stated Mr. Bassim Haidar, the company’s founder and
Group CEO, whilst speaking at a recent forum. “By updating and expanding the patents
on our Airtime and Data Credit Services in the 34 countries we operate in, we are
making sure we protect our technology innovations and our partners against any
infringements or unauthorized efforts from third parties to copy them”.
Asked for more details about these patents, Mr. Haidar elaborated. “These patents are
not new. They have been owned by Channel VAS and subsidiary company Nairtime for
years, as part of our worldwide operations, and their validity has been ratified by
competent courts.”
“However, given the ever-evolving nature of our business and the technological
advancements we are leading, we deemed it necessary to secure these new features of
our platform by expanding our Patent Portfolio to legally protect our Intellectual
Property against any efforts by third parties to copy it. Furthermore, we owe it to our
business partners to ensure safety and stability in our business relationship, and most of
all we owe it to the over 600 million people globally that are using our services and
entrust us with the protection of their data privacy”, Mr. Haidar added.
Channel VAS has been recognized as a global leader in introducing innovative
proprietary tools to the fintech market, providing valuable solutions to Mobile Network
Operators and their subscribers. As Mr. Haidar further explained, “It is only natural that
there are some who try to copy what leaders in their fields are offering.
Updating our patents is a solid deterrent to stop such attempts, by establishing our rights on the technology and brand names of our offerings. I am pleased to state that our patents on Airtime and Data Credit Services ensure our ownership of these services and protect us
against potential infringement efforts by any third party.
We now practically own the Airtime and Data Credit distribution method in key territories for the African region.” Channel VAS is offering Airtime Credit and Data Credit Services, as well as other innovative Mobile Finance and fintech services in 34 countries worldwide, covering most of West Africa, South and East Africa as well as several Middle Eastern and Asian countries.
The company’s expansion is supported by a strong portfolio of proprietary intellectual properties on the products and tools offered to MNOs and businesses across the globe.
