Disqus
Fundamo has announced that MTN Group (who some of you may know as Africa’s leading Operator) have chosen them to deliver their m-wallet solution to around 80mn subs in 21 countries in Africa!
The deal is apparently worth US$9.7mn, and will mean that subs that don’t even have direct access to banks will be able to have access to financial services. Actually, the deal is extending a current relationship between the two companies, expanding the “MTN MobileMoney” offering.
You might be wondering about the security of m-commerce solutions, but actually MTN MobileMoney is a SIM-based version of the Fundamo Mobile Wallet solution – and it uses security that’s equivalent to an ATM system i.e. PIN-based. Services available include money transfer, payments, and balance checking – basically all the key stuff you’d expect from an (online) bank account.
Personally I think this is a great thing – not only because m-commerce is genuinely useful, but because it represents a great solution to the needs of users that don’t have access to traditional banking infrastructure. Good work MTN!
[Via: bi-me.com]
About The Author
Ben Robinson
Ben is a 10+ year veteran of the Mobile industry – starting his career when SMS was a still a relatively new concept for most people (!), he has now consulted on everything from bleeding-edge Mobile content, to the next-gen accessories you might view it on. As a result he has a broad and deep knowledge in numerous areas of Mobile – from network operators to device vendors, to infrastructure and middleware vendors (not to mention content delivery) – and has worked for companies in all of these areas! He is based in the UK, a hotbed of activity for mobile, and recently became a father for the second time – as oppose to in his younger years when he was happy spend time tweaking all manner of mobile devices to 'nth' degree, he now looks for services and hardware that provide the most efficient, compact, and reliable improvements to his already manic life! It’s his opinion that Mobile solutions should be there to help to make your life better – if a particular solution (be it service or device) isn’t doing this, he believes you need to ask the very important question of why you continue to use it... His focus at IntoMobile is mainly on Mobile content, services, and infrastructure, particularly as regards the UK market – and with the occasional look at devices. Additionally, using his extensive experience in the industry, he will provide commentary on the industry at large, with regular (and hopefully thought-provoking) articles.
