eTranzact International PLC, Africa’s leading provider of mobile banking and payments services, is delighted to announce that its mobile money “PocketMoni” has beaten off stiff competition to be nominated in the best mobile money service category of the AfricaCom awards and Lead Africa Awards 2014.
eTranzact's effort in mobile began in 2003 long before mobile money was finally introduced in Nigeria. The team always believed that mobile would be at the forefront of payment innovation and had a dedicated team working on research and development. This led to pioneering research that kick-started the mobile banking sector in Nigeria and eventually birthed “PocketMoni”, the mobile money service.
PocketMoni was approved by the Central bank of Nigeria in 2012, and has acquired a customer base of about 1.1 million users, with a robust agent network of over 4500 agents across Nigeria, and has leveraged on innovative technology in delivering to the different bands of the financial pyramid.
In 2013, the company processed over USD 600 million which accounted for over 1.8 million transactions on PocketMoni and related services.
The service has won a series of awards and grants, the most recent one coming from EFInA, a financial development organisation which is funded by the UK Government’s Department of International Development (DFID) and the Bill & Melinda Gates Foundation to the tune of USD250,000. As part of the terms of the grant, eTranzact will also put in USD100,000 and will drive the execution of a mobile money project called the "PocketMoni 500" in North and South Western Nigeria.
A statement from the organizers of the AfricaCom awards says: “We are delighted to announce that eTranzact have fought off stiff competition to be shortlisted in the Best Mobile Money Solution Category with their PocketMoni Mobile Money Service at the Africa Com Awards.”
The AfricaCom Awards which celebrates breakthroughs and influential players shaping the digital technology, media, telecommunications and ICT industry, will be holding on the 12th of November 2014 in Cape Town, South Africa.
eTranzact’s PocketMoni is a mobile payment solution designed to allow users conduct financial transactions anytime, anywhere, from their phone. With PocketMoni, your phone is now your bank and your mobile phone number becomes your account. Informa ,organizers of the AfricaCom Awards 2014,look forward to welcoming eTranzact to the awards ceremony and celebrating the achievements of the African Mobile Money Industry and greater the African Telecoms community”.
Mr Ayo Oladimeji, Head of PocketMoni at eTranzact said: “It’s a big honour for us to be nominated in such a prestigious category at the AfricaCom Awards 2014. eTranzact has been in operations since 2003, and early enough our CEO, Mr Valentine Obi who many describe as the Father of Mobile Payments in Nigeria, understood the importance of leveraging technology to make payments easy.
The Lead Africa Awards ceremony will be held in October in Lagos, while the AfricaCom awards ceremony will be held at a strictly by invitation event in Cape Town on November 12th, 2014.
eTranzact's effort in mobile began in 2003 long before mobile money was finally introduced in Nigeria. The team always believed that mobile would be at the forefront of payment innovation and had a dedicated team working on research and development. This led to pioneering research that kick-started the mobile banking sector in Nigeria and eventually birthed “PocketMoni”, the mobile money service.
PocketMoni was approved by the Central bank of Nigeria in 2012, and has acquired a customer base of about 1.1 million users, with a robust agent network of over 4500 agents across Nigeria, and has leveraged on innovative technology in delivering to the different bands of the financial pyramid.
In 2013, the company processed over USD 600 million which accounted for over 1.8 million transactions on PocketMoni and related services.
The service has won a series of awards and grants, the most recent one coming from EFInA, a financial development organisation which is funded by the UK Government’s Department of International Development (DFID) and the Bill & Melinda Gates Foundation to the tune of USD250,000. As part of the terms of the grant, eTranzact will also put in USD100,000 and will drive the execution of a mobile money project called the "PocketMoni 500" in North and South Western Nigeria.
A statement from the organizers of the AfricaCom awards says: “We are delighted to announce that eTranzact have fought off stiff competition to be shortlisted in the Best Mobile Money Solution Category with their PocketMoni Mobile Money Service at the Africa Com Awards.”
The AfricaCom Awards which celebrates breakthroughs and influential players shaping the digital technology, media, telecommunications and ICT industry, will be holding on the 12th of November 2014 in Cape Town, South Africa.
eTranzact’s PocketMoni is a mobile payment solution designed to allow users conduct financial transactions anytime, anywhere, from their phone. With PocketMoni, your phone is now your bank and your mobile phone number becomes your account. Informa ,organizers of the AfricaCom Awards 2014,look forward to welcoming eTranzact to the awards ceremony and celebrating the achievements of the African Mobile Money Industry and greater the African Telecoms community”.
Mr Ayo Oladimeji, Head of PocketMoni at eTranzact said: “It’s a big honour for us to be nominated in such a prestigious category at the AfricaCom Awards 2014. eTranzact has been in operations since 2003, and early enough our CEO, Mr Valentine Obi who many describe as the Father of Mobile Payments in Nigeria, understood the importance of leveraging technology to make payments easy.
The Lead Africa Awards ceremony will be held in October in Lagos, while the AfricaCom awards ceremony will be held at a strictly by invitation event in Cape Town on November 12th, 2014.
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