Mobile Money Network Appoints Former GSI Exec to Board

Mobile Money Network (MMN) has confirmed the appointment of Hosein Moghaddas a 25 year commerce veteran to its board. Moghaddas joins as Chief Business Officer and will be responsible for driving sales and merchants take-up of the MMN instant mobile checkout service Simply Tap which launched in November 2011 and already lists HMV, Thorntons, Goldsmiths and Carphone Warehouse amongst its partners.

Moghaddas joins from ecommerce business outsource specialist GSI Commerce, an eBay Inc company where he was Managing Director and Vice President for its international division encompassing Europe and Asia. During his four year stint he grew revenues via deals with retailers including Helly Hansen, Peacocks, Peak Performance, Ralph Lauren and Tous. Prior to GSI Commerce, Moghaddas held roles with ATG (now Oracle), Comdisco, Perot Systems and IBM in a 25 year career encompassing sales and management in business and technology solutions.

John Milliken, Managing Director of Mobile Money Network comments: “Hosein joins us at an exciting time for the company. Earlier this month we were the first organisation in the UK to enable consumers to buy products using innovative image recognition technology. Furthermore, Visa Europe has just announced it’s taking a 15% stake in our business and we continue to make progress in engaging UK retailers to use our service enabling their customers to buy products across multiple channels. Hosein has an enviable track record of achieving exponential revenue growth and we’re very pleased to have him on board.”

Moghaddas said: “Mobile is the most exciting commerce opportunity at the moment and I wanted to join an organisation that offers merchants something genuinely compelling. Simply Tap is the only solution I’m aware of that is truly multichannel – instore, social commerce, outdoor sites, newspapers, ecommerce and in app purchases – the list of touch points for retailers to engage customers and convert sales is endless. The growth potential for MMN is enormous and I’m looking forward to getting started and working with brands and retailers to showcase the business potential.”