Mo­biCash, Boloro launch mo­bile pay­ments so­lu­tion in SA

Pakistan Observer - - ECONOMY WATCH -

OB­SERVER RE­PORT KI­GALI (Rwanda)—In keep­ing with the con­cept of ‘Con­nect­ing Africa’s Re­sources through Dig­i­tal Trans­for­ma­tion’ at to­day’s World Eco­nomic Fo­rum on Africa event in Ki­gali, Rwanda, Pa­trick Ngabonz­iza the Chair­man and Founder of Mo­biCash an­nounced a game-chang­ing ap­proach to fi­nan­cial in­clu­sion in Africa. Mo­biCash and Boloro are launch­ing their ‘ground break­ing’ mo­bile pay­ments ecosys­tem in the town­ships of South Africa with Big Save Group, one of the largest whole­salers op­er­at­ing within South African town­ships and ser­vic­ing tens of thou­sands of small scale spaza shops.

The Mo­biCash cash­less plat­form brings ease of ac­cess for bank­ing ser­vices and elec­tronic pay­ments to the South African pop­u­la­tion at large. Mo­biCash’s part­ner­ship with Boloro, a fast-grow­ing mo­bile pay­ments net­work brand, al­lows small scale re­tail busi­nesses to of­fer se­cure, con­sumer friendly, hand­set ag­nos­tic, mer­chant ini­ti­ated pay­ments us­ing Mo­biCash multi-fac­tor bio­met­ric au­then­ti­ca­tion to­gether with Boloro’s se­cure pin au­then­ti­ca­tion that uses Net­work Ini­ti­ated USSD mes­sag­ing. This ground-break­ing project is a first of its kind in South Africa.

“We are proud to col­lab­o­rate with our part­ners to bring a holis­tic ecosys­tem that not only has the po­ten­tial to boost small busi­ness but also has the po­ten­tial to im­pact en­tire com­mu­ni­ties as we have seen in our home coun­try Rwanda,” said Pa­trick Ngabonz­iza.

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