VoiceTrust Acquires VoiceCash

VoiceTrust Holding, a provider of voice biometrics, has acquired VoiceCash Middle East for an undisclosed amount. The acquired entity has been renamed VoiceTrust eServices MENA (Middle East North Africa).

"This is a strategic acquisition as it strengthens our expansion into the MENA region as well as into the fast growing financial services space of prepaid and mobile payments. Voice biometrics has the potential to revolutionize customer authentication and enable financial inclusion in emerging markets. It is natural, convenient, and scalable. Customers no longer need to memorize PINs and passwords, they just use their voice to have their identity verified," said Tariq Habib, Group CEO of VoiceTrust Holding.

VoiceTrust is majority owned by Ramphastos Investments, investment holding of Dutch billionaire investor Marcel Boekhoorn. Corn Melissen, spokesman for Ramphastos and VoiceTrust's interim chief financial officer, expressed Ramphastos' strong belief that the acquisition will make VoiceTrust Holding a true power-house in providing security and payments both in cyber-space and the physical world.