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Mesa Pharmacy & NexGenMed still active, shown in the Praxyn link at the bottom of the new Nevada page(?). So back to a going concern, even with potential tax liabilities? (Unless that should be mentioned next year, instead(?)). It used to look like maybe they had. . . .well(?)!
Africa rumor confirmed. Managed noted problems. US revenues back to increasing. Africa revenues likely to be reported near term. Licensee open policy posted already, affecting millions of people.
ReleasEd UBA-marketed, revenue increase past tickets now more likely to be subject of reports, press releases, filings, and other news from MEC. Even lawyers likely in play!
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Emailmoni fits the service area. Maybe Amazon, not so much(?). If there is cash flow in an underserved area, there is service. It is mostly not clear if it is in the UBA Internet Banking App--over 100,000 downloads--or if it runs better by itself in the separate app, and in the various expanded app-like services. It is now at least clear that it is service of UBA Bank, in policy since late March or April, 2017. __________________________________________________
EmailMoni is an email-based Payment service offered by United Bank for Africa (powered by MEC Inc.) enabling Businesses and Individuals to access and move their money anywhere and for any reason.
EmailMoni is a breakthrough, secure and intuitive email interface connecting the bank's accounts across environments, channels and devices, for fast and easy money movement. EmailMoni makes it possible to collect payments everywhere the customer, business or individual, has presence.
"Money travels along lines of communication". Every transaction is part of the communications process between the parties, and the process adapts to the payment service offered. The transaction details are embedded in the message.
UBA's customers can use the EmailMoni's Payments Messenger whenever they need to send or receive money, anywhere they communicate: on Facebook, Outlook, on the web, mobile and in person using their smartphone/tablet.
UBA's customers get paid directly into their own bank account, enjoying improved cash-flow.
Replace checks and cash, unlock the power of electronic payments with the only email service designed for payments.
The Payments Messenger is available for you at all times, wherever you are, it's adopted to the customers' lifestyle to make their life easier and businesses more profitable.
EmailMoni is the first of its kind, a bank email based service that really addresses the needs of UBA's and other banks customers. EmailMoni is available for its customers everywhere they go. EmailMoni conveniently serves the banks' individual and business customers, as well as the unbanked, all with the same fast, convenient and highly secure email based interface.
UBA is posting the Emailmoni service.
A Lien means A Lawyer, Not a Levy.
The World's Fastest Growing India Next$! That's already been announced.
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https://www.weforum.org/agenda/2016/11/6-surprising-facts-about-india-s-exploding-middle-class/
MYEC cashing in on Silicon Savannah Africa! Smart investors capitalize on need and greed to boot! What's an innovative banker to do(?), called, "Follow The Money!" Just some excerpts are below.
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For our family, it’s the homecoming routine. I pull up to the house and my son flies out of the car to inspect the box or two on our front stairs. Santa only delivers once a year, but Amazon leaves something on our door about every other day.
Amazon knows our address, but over half the world’s people have no formal address. And they’re not all poor. Hundreds of millions of people have money and internet access, and they’re ready to buy. It’s just that identifying where to leave the box is a problem. Usually, they give their address as something akin to “on Nkomba Street, just across from the Post Office.”
Enter OkHi. (pronounced “Okay. Hi!”) Any delivery person whom the user approves receives from OkHi the user’s mapped coordinates and a picture of the front of their house. The app reduces delivery time by 50% according to OkHi’s founders.
OkHi’s buyer-locating service is one piece in a growing ecosystem. Jumia is an African e-commerce platform delivering to OkHi locations. It started in 2012 and grew quickly, taking advantage of Amazon’s spotty service, long shipping times, and poor user experience. Today, Jumia is in nine countries and valued at $550 million. And African Courier Express (ACE) is a logistics provider built to move products from e-commerce warehouses like Jumia’s to points identified by apps like OkHi. All told, such African technology start-ups attracted $186 million in early stage funding last year.
Two years ago I wrote a book on what succeeds in frontier markets like Africa. It’s a large, complex topic – and a large, complex continent — but Kenyan tycoon Chris Kirubi captured the essence succinctly. “Africa has nothing; we need everything. What an opportunity.” If you see the world Chris’ way, you can succeed in frontier markets.
Tech ventures are well-suited to the environment of scarcity. They require little capital to get started. They deliver value in the absence of incumbents and clear regulations. And while large firms await “necessary” conditions for investment, startups hurdle over those same shortcomings; in fact, they thrive on them, as OkHi thrives on fast-growing megacities with no urban plan. What startups do rely on heavily is entrepreneurial zeal and a talent for problem solving. Those are resources Africa has in abundance.
Doesn’t that talent need training to build software? Yes, it does. And that’s an opportunity. See the terrific start-up Andela, which finds the best raw talent in Africa, gives them 1000+ hours of training, and deploys them around the world.
Doesn’t that talent need capital to grow? Yes, it does. Enter Asoko Insight, which brings Africa’s investable companies onto an online platform used by investors worldwide. (Disclosure: I’m an investor in this company.) Still in beta version, Asoko Insight already reports on 3-4 times as many companies as any prior source, even while maintaining a high bar to list. “Africa is full of great companies,” Asoko Insight’s CEO Rob Withagen says, “Why shouldn’t it have great corporate data?”
Many sectors are crowded in developed markets, but wide open at the frontiers. Premise Data, for example, provides what’s common in California but rare in Nigeria: verified consumer market data. Premise recruits tens of thousands of contributors to gather observations in the marketplace on what products are available, who is walking in the store, and how far they are from the nearest bank.
Premise and Asoko grow not only because they are in new markets, but because they’re developing a new model to succeed there. Silicon Valley’s aversion to human-intensive businesses is well known. But as their operating models demonstrate, deploying large numbers of boots on the ground is precisely what’s called for in Africa, supplemented by machine learning at both companies.
Here’s another key difference. “Don’t invest further than you can drive” is an adage common on Sand Hill Road. In frontier markets, that would prove an impossible limit (as low-performing single-city funds have learned). You need techniques of investment and management that can traverse large distances and unimproved roads. It’s also necessary to invest in culture and guiding principles more, because direct oversight is less frequent. Investors who recognize those skills and mentor young entrepreneurs in them are at an advantage
Africa does tech innovation too, and now including in banking.
A rumor to buy on, a fact to buy more: In May(?)!
Emailmoni Privacy Policy Now On UBA Internet Banking Website! So anything previously noted about Emailmoni, at UBA, appears to be confirmed and verified!
UBA email copy is posted at MEINCORP Facebook. It has a Monday, April, 2017 sent date. That may be next Monday. Easter Monday, this week, was a national holiday, including in Nigeria: If not in Los Angeles(?). There is also another TV ad posted, relevant to Nigeria.
Massive New Ads Confirm Seergate PR of January, or whenever(?). "Billboards" were being scheduled, likely meaning banner click ads. They likely did not mean Ventura Blvd., San Fernando Valley, Los Angeles. Many have actually been able to find stores and shops on Ventura Blvd., San Fernando Valley, Los Angeles, for example. Target practice for Palestinians apparently was not the Seergate message, sensible as that actually might be(?).
SO OTCQB level current again.
PXYN has posted Operating Income in the past. In fact when the new management took over, it was thought that maybe they had posted too much(?). From Quarter ended in late 2015, there is a $5.0 mil. report. The link may work.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11015080-13096-18241&type=sect&TabIndex=2&companyid=693693&ppu=%252fdefault.aspx%253fcik%253d1346973
It's Alive(?)! With reportable money(?)!
Usually there is zero court jurisdiction, without service. There is opined to have been no lawful service. There is no legal jurisdiction.
The 2017 Patent comes after 2016, is all(?), not much discussed. The bookkeeping notes even include a judgment--possibly never to be classified a payable, but counted as an imminent liability(?).
Soon, in Arizona, it will be a Happy New Year's Day, April 18 having passed.
The UBA-Type Emailmoni ads apparently work! Not necessarily in random order, companies that use banner click ads include Amazon, Adobe, Bing, AOL AppleMusic, Cisco, Ebay, Dell, Facebook, HP, LinkedIn, Intel, Microsoft, PayPal, Yahoo!, Skype, Netflix, Oracle, Skype, and more. Anyone notes an additional service of value to the Nigerian economy.
Maybe actual results from ads already! Rather than inconsequential, spurious charges without any outcomes: There are two more positive reviews of Emailmoni at Google Play. Nothing had been shown increasing, for weeks.
PR & Filings Potential is Gigantic!
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Just one interchange on Facebook Page--Then there is the start of the African continental publicity.
Ed, any plans to bring MEC's technology to other places, like India???
MEC, Incorporated Yes, we are following the industry globally and have identified numerous opportunities. It is important that we focus on a successful implementation in Africa first.
Ed, is the system provide direct debit service for accts of partner bank and accts of outside bank? Like collections and recurring payments to merchants and Govt entities?
MEC, Incorporated All Nigerian bank accounts can be connected to an EmailMoni account, and real-time transfers are made without sharing banking account data between the parties.
MEC, Incorporated I believe they operate in 33 African countries
Is emailmoni now accessible to 33 African countries?
Not yet, just Nigeria so far
If UBA operates in 33 countries, it's just a mater of time before they make emailmoni available. Success in Nigeria first I'd guess.
Ann Balmer All things getting caught up to come together
Nigerian 4-Day Bank Holiday, Plus Financial markets worldwide except in the USA. Start is April 14. USA markets open 4/17.
275,000 transactions, $335.0 mil. U.S. business dollars,"we have secured enough financing to sustain us until we are profitable."
So this really means the new tech works. . .at last. . .for someone likely to pay! "The system is live in Nigeria, we have recently added new features and functionality."
Probably current now(?)! "we believe we have funding pending sufficient to get us caught up and provide some for growth," from
the Facebook report.
"One bank. . .RECENTLY became operational" news enough, per KnightTrader170 post. "Operational" capability had to happen first.
Plus bank clients likely reliable payers! The new clients will be creating their marketing, and MEC will likely be explaining itself publically to potential new investors. No apparent nightmare scenarios have been created, going forward.
"We are working with UBA on the development and roll-out of EmailMoni across Africa. EmailMoni is UBAs service, the system is sub-licensed to UBA from our Africa licensee Centric Gateway. The system is live in Nigeria, we have recently added new features and functionality. We have been asked only to discuss publicly updates they have announced and we will honor that request. I do not think there is any impact on MEC in connection with UBA and Orange."
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All that has happened already.
Two banks are on-board with now adapted MEC-tech use. Live already in Nigeria likely means any testing is long-since done. Originally Kenya had been thought to be the test area. Mostly, many owe MEC, and financials are pending to show how much still others have paid. Those payments likely will be continuing, likely increasing. The California courts are one example. One large California County is one of my sales this year, in a non-tech area. They do pay, and can even promote MEC court cost-reducing technology, statewide. That is up to the license-holder. The California budget works. Maybe the license-holder will work too9?). MEC Funding needs are not catastrophic, one new funding already has been created. There is basis for advancing past a penny stock status into dimes.
Same actual auditor makes sense. There were audited financials last year, and the uplisting. The data is reportedly in from Israel this year. There is no need to re-explain Seergate from scratch, and the history of the new UBA agreement.
SMS is actually commonly understood.
So O-Android Works Without Data Network. That is not about the emailmoni concept.
O-money uses SMS for confirmations, and similar functions. It is not a email. bank. "SMS (Short Message Service), commonly referred to as "text messaging," is a service for sending short messages of up to 160 characters (224 characters if using a 5-bit mode) to mobile devices, including cellular phones, smartphones and PDAs." Emailmoni is tied to the email, according to all reports.
O-Money "Requires Android 4.1 and up," all over Africa, where downloads can happen.
Again: O-Money has no apparent non-android capability. Tariffs it has, for capability(?). It is for a special technology, only. Others note that emailmoni is not limited like that.
O-Money looks pricey, if in current operation. Emailmoni is supposed to be a complete bank using email. Orange Money appears to have subscription levels and "tarrifs" for a lot of transactions, limited to service points(?). So the new Emailmoni marketing campaign could possibly emphasize an advance of service capabilities. UBA clearly has just started with an existing program, already in use in Africa. Then it has something unique beyond that, which is the Emailmoni(?), starting soon.
http://breaking.com.ng/nigeria/uba-orange-group-partner-to-promote-orange-money/
MEC now has international data to file. February Facebook post only noted it was likely in transit, soon. Possession is often 9/10 of any famous process.
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"We received all the data we needed from accountants in Israel and our CFO is working on completing the statements so we can send them to the auditor for review and filing."
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There is likely some immediate value in being able to show that it has reportable information, given all the international evidence that needs the more official corroboration.
"Within the coming months" language sounds soon. "We are told there is a big market push within the coming months," at Bank One. There is new bank announcement maybe before or after that(?). There are financials and PR's before or after that(?). Anyone might wonder if there should be some SEC filings about what has happened before any of those events. Since summer, there has been news in publications, and announcements of financing, already done(?)--before any of the additional news going forward!
Extensive Bank IT upgrades, MEC reports pending, suggest increase of activity already. The IT upgrades are shown on the client Facebook page--some lasting days--so far this year. Company Facebook page shows reports pending, financing available, and people wondering when filings and reports will happen(?). The filings have even led to an up-listing only last year. The IT upgrades suggest progress in making the new technology available, customer ready.
Seergate property(?) may be in the audit. There is a seven figure value assigned to the acquisition. The widely discussed lawsuit against the auditors, dismissed with prejudice, mentioned property, but no fraud pleadings were found valid. The audit is public record, and the dismissed case is public record. New public filings may clarify more(?). Property is so far a spurious non-issue, since something of value seems to have created a cash infusion.