Telepin Software, a global leader in mobile money transaction platforms, says it is now powering the mobile financial services for Mascom Wireless Botswana. Telepin was selected to migrate from the incumbent provider to deliver the next wave of digital financial services in Botswana.
Botswana’s mobile penetration is the highest in the world at 176% and Mascom is the number one wireless provider. The country’s financial sector is mostly informal with 97% of businesses transacting with customers via cash. Mascom’s partnership with Telepin accelerates and increases the availability of mobile money services for the country’s citizens, while positioning banks, payment services providers, and online service providers to participate and succeed in an expanding mobile money ecosystem.
The Mascom flagship mobile money offering MyZaka provides Mascom customers a convenient and secure way to send, receive, buy and pay using their mobile phones anywhere in Botswana. Consumers can use the service to buy prepaid electricity, pay DSTV subscriptions, pay Mascom postpaid bills, send and receive money within Botswana, and purchase airtime.
The existing MyZaka service includes a full stack deployment of the best in class software from Telepin Software. It already supports a large percentage of active consumers and agents throughout the country. The deployment is game-changing for the market.
Vincent Kadar, President of Telepin says: “After an extensive process we are pleased to have been selected by Mascom and we value the trusting relationships we continue to build with our customers globally. We look forward to supporting Mascom and its customers with the world’s most open, reliable, and innovative system, allowing Mascom to focus on building the digital ecosystem that will drive their next wave of growth.”
Telepin powers over 40 active Mobile Financial Services platforms with tier one mobile operators around the world. Telepin’s unique software and services help mobile operators deliver robust financial services offerings to their subscriber and merchant customers. The software plugs seamlessly into existing mobile infrastructure, leveraging the investments already made in charging systems, replenishment systems, and value added service delivery platforms. Telepin is currently enabling over 45M digital wallets across all their customer networks processing over 50 million transactions per day.
Telepin Software is a global leader in mobile transaction platforms, delivering mobile operators the most efficient and cost-effective way to control their distribution networks, maximize revenues from mobile financial services, and drive innovative mobile financial applications. Telepin’s Cayman Transaction Platform enables a full suite of electronic, transaction-based applications for mobile subscribers to recharge their mobile airtime without the use of physical cards or vouchers, facilitate P2P money transfers, allow for electronic bill payments, and more, using multiple channel interfaces. Telepin’s customer base includes tier-one operators in the Middle East, Africa, Asia, and the Americas.