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THE APP IS OUT, GO TO UBA'S WEB SITE AND HIT THE UMOBILE LINK AND YOU'LL SEE. MYECHECK/SEERGATES APPLICATION, THIS WILL BE HUGE
AMAZING FACTS THE MATH SAYS, WE CANT MISS ON ANY OF THE PROJECTS ED'S DEVELOPING
Mobile payments in the United States from 2014 to 2019, by segment (in million U.S. dollars)
http://www.statista.com/statistics/312492/mobile-payments-in-the-united-states-by-segment/
REMEMBER OUR APPLICATION IN AFRICA IS SMS / EMAIL IT'S UNIQUE IT CAN HANDLE 75% OF THE POPULATION THAT DON'T HAVE PHONES THAT CAN USE NFS (near field communications) AND I'M SURE THERES MANY OTHER COUNTRIES IN AFRICA THAT WILL WANT ARE APPLICATION, AS ED HAS MADE A COMMENT TO The mobile money solutions provide the opportunity for easy financial transactions to mobile users in remote locations, even to those customers who do not have a bank account. The mobile money solutions can be tailored to suite the different needs of the mobile users and can be conveniently used to facilitate location-based payments such as remote and proximity payments. Presently, mobile money solutions are broadly being adopted by the users to tactfully enable secured financial transactions. Also, mobile money services are being enhanced with security features such as biometrics and embedded passwords among various others to safeguard the user against privacy breaches, frauds, and threats of financial losses. Further, the escalating demand for finer mobile money transfers and payments has enabled the mobile money solution vendors such as Mobile Network Operators (MNOs), banks, and payment processing agents to offer exclusively customized mobile money solutions precisely suiting the needs of the users. Thus, mobile money plays the most critical role in enabling secure, convenient, and easy financial transactions for the users.
Mobile money services are prominently still accessed through SIM ToolKit (STK)/Unstructured Supplementary Service Data (USSD) by the users. The mobile subscribers also widely leverage the usage of mobile money solutions through the transaction modes of Short Messaging Service (SMS), direct mobile billing, mobile web/Wireless Application Protocol (WAP) payments, and Near Field Communication (NFC). This has in turn also revolutionized the businesses and market outreach for the chief stakeholders in the mobile money ecosystem, which include MNOs, financial institutions such as banks, payment processing agents, and payment platform providers, as it provided them with increase in revenue potentials. Further, besides providing users with an enhanced experience, mobile money has also leveraged the stakeholders to retain customers, reduce subscriber churn, and allure new customers.
Increase in mobile devices among the users, rise in interoperability, and creation of new business stream for the stakeholders are some of the factors driving the adoption of mobile money services in Africa. However, security concerns and insufficient knowledge about mobile money services are some of the factors hindering the growth of the mobile money market. Moreover, the provision of enhanced flexibility among the mobile money services offers new opportunities to the Africa mobile money service providers, while tough regulations and policies present across various African countries still stands as a challenge faced by the vendors.
The report spans the overall structure of the Africa mobile money market and provides premium insights that can help mobile money service providers such as MNOs, banks, payment processing agents, payment platform providers, and budding and independent mobile payment solution providers to identify the needs of the customers and mobile subscribers.
This report analyzes Africa adoption trends, future growth potential, key drivers, restraints, opportunities, challenges, and best practices in the mobile money market. The report also examines growth potential market sizes and revenue forecasts across different countries.
Scope of the report:
The Africa mobile money market is a broad study of the African market and forecasts the market sizes and trends in the following sub-segments.
Africa Mobile Money Market Size, by Transaction Mode:
•NFC/smart cards
•Direct mobile billing
•Short Messaging Services (SMS)
•STK/USSD
•Others (Interactive Voice Response (IVR), Bluetooth, Wi-Fi, JRME, BREW, and other in-store mobile applications)
Africa Mobile Money Market Size, by Nature of Payments:
•Person to person
•Person to business
•Business to person
•Business to business
Africa Mobile Money Market Size, by Location:
•Remote payments
•Proximity payments
Africa Mobile Money Market Size, by Type of Purchase:
•Airtime transfers and top-ups
•Money transfers and payments
•Merchandise and coupons
•Travel and ticketing
•Digital products
Africa Mobile Money Market Size, by Country:
•South Africa
•Kenya
•Tanzania
•Zimbabwe
•Uganda
•Angola
•Zambia
•DRC
•Namibia
•Mauritius
•Mozambique
•Malawi
•Madagascar
•Others (Ghana, Rwanda, Botswana, and Lesotho)
The mobile money market in Africa has competently established itself as one of the fastest growing markets globally and is expected to exhibit a growth of 39.2% between 2015 and 2020. With mobile phone becoming a
consistent communication and content access medium, mobile money services are becoming highly popular among the people. From its onset in the year 2007, mobile money has evolved from providing payment transactions though Short Messaging Services (SMS) and Systems Tool Kit (STK)/Unstructured Supplementary Service Data (USSD) to the more contemporary Near Field Communication (NFC)/smart card transactions. Moreover, the person-to-person nature of payment continues to be the most widely used payment method in mobile money services, while both remote payments and proximity payments remain as broadly used location-based payments. In addition, the widespread acceptance of mobile money services across various countries, the large number of mobile users, and the increased convenience of faster monetary transactions over mobile phones are the primary reasons for the growth of the market in Africa.
Today, the extensive usage of mobile phones has redefined people’s lifestyle. The ease of availability of feature-rich mobile phones, supplemented with enhanced network connectivity, has expansively enhanced the functionalities of the mobile device. The prominent development in mobile device usage is the access to financial services over the mobile phone. These financial services are popularly referred to as “mobile money” and have been instrumental in revolutionizing the mobile industry. With regards to mobile money, the mobile device has evolved from merely a communication device to a financial payment and monetary transaction medium.
Mobile money can be understood as a financial service which provides mobile phone users visibility and accessibility to their monetary transactions over their mobile phones. With mobile phones becoming an integral part in the lives of people, the advent of financial solutions on mobile has helped users make faster financial transactions and enhance their overall monetary activities. Mobile money services primarily include transferring funds, sending and receiving money, making bill payments, depositing and withdrawing money, sending and receiving remittances, recharging top-ups, making airtime transfers, paying insurance premiums, purchasing movie and travel tickets, paying in-store merchants, and shopping online. Hence, the multitude of advantageous mobile money service provisions leveraged by users has led to the widespread adoption of these financial services.
The emergence of mobile money services has also opened new business potentials for the chief stakeholders present in the mobile money ecosystem, which include MNOs, financial institutes such as banks, payment processing agents, and payment platform providers, among others. These services have broadly expanded the product portfolios for these stakeholders and have also been influential in boosting their revenues and market foothold in different markets. With the mounting usage of mobile money services by both banked and unbanked customers, these solutions have been chiefly responsible for diversifying and expanding their customer base across different regions and industrial verticals. Hence, the mobile money service in turn has been highly influential in empowering the business value and success rate for these stakeholders.
The proliferation of mobile devices among users, the indispensable requirement to have ubiquitous access to financial solutions, creation of new business avenues for the stakeholders, evolving demographic needs across Africa, and the increasing use of mobile money services across businesses are some of the factors driving the adoption of mobile money services. However, prevailing data security apprehensions, lack of awareness related to mobile money services, on-going switch to new handsets, and interoperability among devices are some of the factors hindering the growth of the mobile money market. While bridging the virtual world with reality and providing enhanced flexibility among mobile money services offer new opportunities to the mobile money service providers; diversified policies and regulations present across various countries pose as challenges for vendors.
The major vendors involved in the Africa mobile money market are Airtel, MTN, MCEL, TIGO, Orange S.A, Unitel, Safaricom, Econet Wireless, Zantel, Vodacom, and Movitel. The key strategies used by these vendors include partnerships and acquisitions to increase their market share and reach in the Africa mobile money market.
The threat from new entrants is low for the existing suppliers in the mobile money market, mainly because of the scope of increasing business revenues that the mobile money services offer to the budding vendors venturing into this market. However, the prevailing mobile money vendors face a low-to-moderate threat from substitute products as mobile money is fast gaining preference by the users, when compared to the existing traditional banking services. The presence of limited differentiation in mobile money product offerings in the market gives the suppliers a low bargaining power, whereas end users such as mobile subscribers and banked and unbanked customers have a higher bargaining power.
The study helps to understand the structure of the Africa mobile money ecosystem and is intended to help mobile money service providers, namely, MNOs, banks, payment processing agents, and payment platform providers to serve their customers better. The overall market size in this study has been defined as the direct revenues that are being generated by MNOs, banks, and agents in the form of transaction fees and subscription fees charged to the customers. The overall Africa mobile money market size has been further segmented into transaction mode, nature of payment, location, and type of purchase.
The Africa mobile money market is expected to grow from $2.73 Billion in 2015 to $14.27 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 39.2% during the forecast period from 2015 to 2020
http://www.marketsandmarkets.com/Market-Reports/africa-mobile-money-market-213412592.html
Africa Update: After an outage earlier this week interrupted testing, UAT is rescheduled for Monday, then board review and internal release.
VERY INTERESTING ALL POSTED IN THE LAST 24 HOURS ON MYECHECK FACEBOOK PAGE September 24 at 8:52pm
MyEcheck Shannon Starrs is our marketing intern, she's also a student at Sac State. FYI she created the videos, (Liz is the voice over) the one pagers that I Tweeted yesterday, designed the look of the mobile app, and was part of naming the mobile service. Shannon also handles the eMobile shop and is taking over eMobile social media and SEO. We will be expanding our marketing department this fall.
https://vimeo.com/138651731
MyEcheck The bank has an online banking app now, we are different than that one, ours offers some of the same features, but much more functionality. The bank's plan is to probably get rid of the existing app if ours can fill all of its functions. The mobile and web money transmission and wallet accounts, email, ATMs etc will be on our system.
Like · Reply · 25 · September 24 at 9:21pm
MyEcheck We split 50/50 an up front licensing fee with our agent in Africa, no transaction fee revenue has been billed yet. The up-front licensing fee was relatively small in exchange for a bigger % transaction fee share. We essentially will get 15% of the transaction fees charged on the system. The bank can set different fees for different types of transactions, but I believe the average fee they plan to charge is approximately equivalent to US$0.75. Also important is that only banks in this initial launch country can operate a money transmission service such as this.
EVEN AT ONLY
100,000 USERS A DAY WE MAKE A SMALL FORTUNE
MyEcheck Shannon Starrs is our marketing intern, she's also a student at Sac State. FYI she created the videos, (Liz is the voice over) the one pagers that I Tweeted yesterday, designed the look of the mobile app, and was part of naming the mobile service. Shannon also handles the eMobile shop and is taking over eMobile social media and SEO. We will be expanding our marketing department this fall.
https://vimeo.com/138651731
very interesting all POSTED IN THE LAST 24 HOURS ON MYECHECK FACEBOOK PAGE
MyEcheck The bank has an online banking app now, we are different than that one, ours offers some of the same features, but much more functionality. The bank's plan is to probably get rid of the existing app if ours can fill all of its functions. The mobile and web money transmission and wallet accounts, email, ATMs etc will be on our system.
Like · Reply · 25 · September 24 at 9:21pm
MyEcheck We split 50/50 an up front licensing fee with our agent in Africa, no transaction fee revenue has been billed yet. The up-front licensing fee was relatively small in exchange for a bigger % transaction fee share. We essentially will get 15% of the transaction fees charged on the system. The bank can set different fees for different types of transactions, but I believe the average fee they plan to charge is approximately equivalent to US$0.75. Also important is that only banks in this initial launch country can operate a money transmission service such as this.
EVEN AT ONLY
100,000 USERS A DAY WE MAKE A SMALL FORTUNE
POSTED ON FACE BOOK 1 HR. AGO
MyEcheck
1 hr ·
Zipmark Infringement Lawsuit Update: Settlement negotiations have been unsuccessful, we are going to trial. I personally prefer it this way because I believe strongly we will win, and it will of course send a message to the other infringers.
We are also uploading our response to the SEC essentially now.
The bank in Africa has had some minor hardware outage issues when the UAT was scheduled, that has impacted our launch slightly, but we are moving forward I will try to post an update in the morning or as soon as I know more.
Here's the judge currently presiding over the Zipmark case, appointed by Bush I think is a good sign in case, he may lean more conservative which would be in our favor IMO:
https://en.wikipedia.org/wiki/John_A._Mendez
John A. Mendez - Wikipedia, the free encyclopedia
Born in Oakland, California, Mendez received a B.A. from Stanford University in 1977, [1] and a J.D. from Harvard Law School in 1980, where he was a member of the Board of Student Advisers.
EN.WIKIPEDIA.ORG
FIVE BURNING QUESTIONS ON SOCIAL COMMERCE: SEERGATE CEO ELDAD AHARONI
Yes its dated 10/2009 But it explains what there trying to do and why this stock is about to go crazy
http://www.pymnts.com/news/2009/five-burning-questions-on-social-commerce-seergate-ceo-eldad-aharoni/#.VgMiOvlVikq
U-MOBILE is a Robust Mobile Banking Platform which only requires a customer has an account (savings or current) or Prepaid Card with UBA Plc and a Java Enabled Mobile Phone
THIS IS THE NEW PRODUCT AVAILABLE SINCE 09/21/2015 THATS BUILT AROUND MYECHECK/SEERGATE PLATFORM
SeerGate develops tokenization-based e-payment solutions for Financial Institutions. Its flagship product, the Secured Lock™ e-Debit System, offers safe Real-Time Payments for online/mobile environments, opening banks to Social Networks, while addressing Security Concerns and Mitigating Risks. The Secured Lock™ e-Debit System ensures that current and future e-Payment alternatives Remain Bank Products.
https://www.ubagroup.com/countries/ng/personalbanking/eproducts/downloadapps
WHY DON'T YOU JUST ADMIT ITS ALL ACCURATE OR GO AWAY NOBODY BELIEVES ANY OF YOUR POSTS YOUR NOW JUST WASTING EVERYBODYS TIME
U-Mobile FAQs and seergate application Video from 2009 but I'm sure its exactly what UBA is using
SeerGate develops tokenization-based e-payment solutions for Financial Institutions. Its flagship product, the Secured Lock™ e-Debit System, offers safe Real-Time Payments for online/mobile environments, opening banks to Social Networks, while addressing Security Concerns and Mitigating Risks. The Secured Lock™ e-Debit System ensures that current and future e-Payment alternatives Remain Bank Products.
http://finovate.com/videos/finovatestartup-2009-seergate/
https://www.ubagroup.com/countries/ng/countries/ng/personalbanking/eproducts/umob/faqs
NIGERIAN NEWS[ Portal ?@naijanewsportal 5h5 hours ago
@UBAGroup When is the new U-Mobile app coming out?
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@naijanewsportal Hello, thank you for contacting us. Kindly be informed that the new Umobile app has been published on the app stores.
RETWEETS
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jtrudeauDoctorknockersChris Heinz@spiringtr@derThe HammerBUD RANTEbigT
12:44 AM - 23 Sep 2015
https://www.ubagroup.com/countries/ng/countries/ng/personalbanking/eproducts/umob/faqs
NEWS JUST POSTED, MORE REVENUE COMING
MyECheck to Provide Electronic Check Services for Rent Payments to Charleston Enterprises
http://money.cnn.com/news/newsfeeds/articles/marketwire/1218479.htm
ACCURATE FACTS ABOUT UBA USERS
THE REASON UBA CHOOSE THE MYECHECK APPLICATION IS BECAUSE OF ITS ABILITY WITH EMAIL and SMS TEXTING IT WORKS WITH 88 million Nigerians accessing the Internet on the narrow band, THATS WHY SEERGATE/MYECHECK RECIEVED THE CONTRACT AND WILL RECIEVE $1,000,000s in future revenues
http://www.ngrguardiannews.com/2015/07/mobile-devices-aid-608-growth-in-payment-activities/
ALSO CHECK THIS LINK AND YOU'LL UNDERSTAND THAT A POPULATION EARNING 3-5 dollars a day do make a differance in a countrys GDP
http://www.forbes.com/sites/danielrunde/2015/08/12/m-pesa-and-the-rise-of-the-global-mobile-money-market/
THE BANK IN AFRICA
THIS IS IT THE BANK IN AFRICA IN A COUNTRY OF 185 MILLION with 65% of the POPULAIOH UNBANKED, THIS WILL BE HUGE FOR MYECHECKS REVENUES
THE LARGEST TELECOM CO. IN NIGERIA and CARDLESS CASH IS AN OPTION, I KNOW ED INDICATED 7 MILLION CUSTOMERS FOR UBA and thats what wikipedia says But it must now have 10 million customers according to this article ANYWAY THIS IS HUGE GLTA
WIKIPEDIA QUOTE
United Bank for Africa Plc (UBA) is a Nigerian bank with business offices in 19 Countries ... It offers universal banking services to more than 7 million customers
IT'S TAKEN 9 months for Govt approval and Licences from the CENTRAL BANK OF AFRICA (CBN) THE GOVERMENT WANTS THIS DEAL WORSE THEN WE DO
UBA, Airtel Partner On New Financial Services Deal - Ventures Africa
The United Bank for Africa (UBA) has partnered Airtel in a deal that will see both firms provide mobile-based financial services across Africa via Airtel M
http://venturesafrica.com/uba-airtel-partner-on-new-financial-services-deal/
THIS IS IT MYEC/UBA APPLICATION
Updated 21 SEP 2015 FROM UBA
The new U-Mobile comes with many exciting new features, customers can enroll themselves using one of 3 options, namely the prepaid card, debit card or the entrust token, they can also be enrolled at the UBA business office, in addition, they can use funds from either prepaid cards or bank accounts and send money to either cards or accounts, pay bills, buy airtime, generate card-less ATM vouchers, request for cheque books, and many other features
A customer can securely do transactions from any preferred payment source, it could be the prepaid card or the bank account, you can also send money to anyone, on the prepaid card or account, in other banks, to mobile wallets, pay your bills, shop at UBA partner outlets, buy Airtime conveniently, from any location in the world, all without need for support or physical contact with the bank and it's employees,and when you have any issues,you also have the option of disputing transactions, getting help from our 24 hour customer fulfillment center and prompt resolution of all customer related issues is much faster.U-Mobile is set to redefine mobile payments in Nigeria and 18 different African countries where the United Bank for Africa Plc has operational presence, and has become a mobile payments hub for individuals, merchant outlets, mobile money agents, billers, we encourage the bank's customers to get on board and experience truly ecstatic mobile banking on the mobile phone, without any fear of losing their funds and their sleep
U-Mobile
GET IT ON GOOGLE PLAY
https://play.google.com/store/apps/details?id=com.uba.vericash
SEERGATE/MYECHECK APP UBA UPDATE
Updated 21 SEP 2015 FROM UBA
The new U-Mobile comes with many exciting new features, customers can enroll themselves using one of 3 options, namely the prepaid card, debit card or the entrust token, they can also be enrolled at the UBA business office, in addition, they can use funds from either prepaid cards or bank accounts and send money to either cards or accounts, pay bills, buy airtime, generate card-less ATM vouchers, request for cheque books, and many other features
A customer can securely do transactions from any preferred payment source, it could be the prepaid card or the bank account, you can also send money to anyone, on the prepaid card or account, in other banks, to mobile wallets, pay your bills, shop at UBA partner outlets, buy Airtime conveniently, from any location in the world, all without need for support or physical contact with the bank and it's employees,and when you have any issues,you also have the option of disputing transactions, getting help from our 24 hour customer fulfillment center and prompt resolution of all customer related issues is much faster.U-Mobile is set to redefine mobile payments in Nigeria and 18 different African countries where the United Bank for Africa Plc has operational presence, and has become a mobile payments hub for individuals, merchant outlets, mobile money agents, billers, we encourage the bank's customers to get on board and experience truly ecstatic mobile banking on the mobile phone, without any fear of losing their funds and their sleep
U-Mobile
GET IT ON GOOGLE PLAY
https://play.google.com/store/apps/details?id=com.uba.vericash
MYEC WON'T BE A PINKY MUCH LONGER!!!!!
Message on myechecks facebook page sept 18th, check it yourself
Quote (We received a response from the SEC, only 5 questions, we are addressing them now. I think that it will take 60 days from filing to become effective. We will then immediately file an application with the OTC for uplisting.) also Bank in Africa wrapped up testing this week. They kept adding capability that required programming but that has been stopped and the CIO set in concrete the launch internally for Wednesday next week. UAT on Monday and launch prep Tuesday)
WHY MYECHECK WILL BE $2.00 A SHARE IN 2017 (links)
THE RESULTS OF REVENUES FROM THESE STATEMENTS AND ACTIONS
Quote from ED'S Message on sept 11th on F/B PAGE
(We will be starting sales and marketing efforts this month after the app gets updated, we're bringing aboard highly qualified sales management with existing customers of many of our target accounts. We're targeting major retailers, wallets and banks/processors/ISOs.
WE HAVE A PROVEN PRODUCT IN ONE OF THE LARGEST BANKS IN AFRICA DOING, BUSINESS IN 19 COUNTRIES, WITH OVER 10,000,000 CUTOMERS
Quote from another of ED'S messages on sept 11th on F/B PAGE
(We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.)
AND NOW THE BEST PART, AN EXECUTIVE VICE PRESIDENT THAT HAS SPENT 30 YEARS IN SERIOUS MANAGEMENT POSITIONS AT COMPANYS LIKE FIS WITH CONTACTS WITH MANY FORTUNE 500 COMPANYS, I THINK HE WILL EASILY ACCOMPLISH THIS
http://www.fisglobal.com/NEWSRELEASE-2007-01-31-617
http://www.fisglobal.com/NEWSRELEASE-2008-04-21-700
Fancher led the team that designed the first check image mining application, cultivated a partnership with IBM and the six largest US banks, and set the industry standards for check imaging resulting in viral adoption of mobile check deposit.
http://finance.yahoo.com/news/myecheck-appoints-jim-fancher-executive-140900270.html
IT WON'T BE A PINKY MUCH LONGER!!!!!
Message on myechecks facebook page sept 18th, check it yourself
Quote (We received a response from the SEC, only 5 questions, we are addressing them now. I think that it will take 60 days from filing to become effective. We will then immediately file an application with the OTC for uplisting.) also Bank in Africa wrapped up testing this week. They kept adding capability that required programming but that has been stopped and the CIO set in concrete the launch internally for Wednesday next week. UAT on Monday and launch prep Tuesday)
WHY MYECHECK WILL BE $2.00 A SHARE IN 2017 (links)
THE RESULTS OF REVENUES FROM THESE STATEMENTS AND ACTIONS
Quote from ED'S Message on sept 11th on F/B PAGE
(We will be starting sales and marketing efforts this month after the app gets updated, we're bringing aboard highly qualified sales management with existing customers of many of our target accounts. We're targeting major retailers, wallets and banks/processors/ISOs.
WE HAVE A PROVEN PRODUCT IN ONE OF THE LARGEST BANKS IN AFRICA DOING, BUSINESS IN 19 COUNTRIES, WITH OVER 10,000,000 CUTOMERS
Quote from another of ED'S messages on sept 11th on F/B PAGE
(We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.)
AND NOW THE BEST PART, AN EXECUTIVE VICE PRESIDENT THAT HAS SPENT 30 YEARS IN SERIOUS MANAGEMENT POSITIONS AT COMPANYS LIKE FIS WITH CONTACTS WITH MANY FORTUNE 500 COMPANYS, I THINK HE WILL EASILY ACCOMPLISH THIS
http://www.fisglobal.com/NEWSRELEASE-2007-01-31-617
http://www.fisglobal.com/NEWSRELEASE-2008-04-21-700
Fancher led the team that designed the first check image mining application, cultivated a partnership with IBM and the six largest US banks, and set the industry standards for check imaging resulting in viral adoption of mobile check deposit.
http://finance.yahoo.com/news/myecheck-appoints-jim-fancher-executive-140900270.html
Quote from ED'S Message on sept 11th on F/B PAGE
(We will be starting sales and marketing efforts this month after the app gets updated, we're bringing aboard highly qualified sales management with existing customers of many of our target accounts. We're targeting major retailers, wallets and banks/processors/ISOs.
WE HAVE A PROVEN PRODUCT IN ONE OF THE LARGEST BANKS IN AFRICA DOING, BUSINESS IN 19 COUNTRIES, WITH OVER 10,000,000 CUTOMERS
Quote from another of ED'S messages on sept 11th on F/B PAGE
(We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.)
AND NOW THE BEST PART, AN EXECUTIVE VICE PRESIDENT THAT HAS SPENT 30 YEARS IN SERIOUS MANAGEMENT POSITIONS AT COMPANYS LIKE FIS WITH CONTACTS WITH MANY FORTUNE 500 COMPANYS, I THINK HE WILL EASILY ACCOMPLISH THIS
http://www.fisglobal.com/NEWSRELEASE-2007-01-31-617
http://www.fisglobal.com/NEWSRELEASE-2008-04-21-700
Fancher led the team that designed the first check image mining application, cultivated a partnership with IBM and the six largest US banks, and set the industry standards for check imaging resulting in viral adoption of mobile check deposit.
http://finance.yahoo.com/news/myecheck-appoints-jim-fancher-executive-140900270.html
UAT Acceptance testing
QUOTE FROM ED'S MESSAGE
(Bank in Africa wrapped up testing this week. They kept adding capability that required programming but that has been stopped and the CIO set in concrete the launch internally for Wednesday next week. UAT on Monday and launch prep Tuesday)
https://en.wikipedia.org/wiki/Acceptance_testing
Top 10 Retail Banking Trends and Predictions for 2015
QUOTE FROM EDS STATEMENT ON THE 11th ON FACEBOOK PAGE
(We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.)
http://thefinancialbrand.com/46189/2015-top-banking-trends-predictions-forecast-digital-disruption/
Top Banks Lack Key Mobile Apps
QUOTE FROM EDS STATEMENT ON THE 11th ON FACEBOOK PAGE
(We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.)
http://thefinancialbrand.com/…/forrester-mobile-banking-be…/
MYECHECK September 11 at 9:23pm
Africa Update: The bank in Africa intends to launch (pilot) to about 15,000 users on Tuesday. It could be delayed slightly if something comes up in testing on Monday but any further significant delay is very unlikely at this point. The bank should start their marketing around the same time, hopefully, we will announce in a press release as soon as the bank announces the service publically. It's going to be a very successful payment system I believe, the bank seems to want to exploit all of it's potential
THIS WILL FINALLY BE IN PLACE
MEMORANDUM OF UNDERSTANDING
BETWEEN CENTRIC GATEWAY LIMITED AND
UNITED BANK FOR AFRICA PLC
THIS MEMORANDUM OF UNDERSTANDING is made the 25th day of February 2015 Between CENTRIC GATEWAY LIMITED a limited liability company incorporated under the Laws of the Federal Republic of Nigeria of _______________________________________________________ (hereinafter referred to as "Centric Gateway") of the one part and UNITED BANK FOR AFRICA PLC a bank licensed in Nigeria and having its registered office at 57 Marina, Lagos (hereinafter referred to as "UBA") of the other part.
Centric Gateway and UBA shall be referred to herein, collectively, as the "Parties"
WHEREAS:
a. UBA carries on business as a bank and financial services institution with a wide network of branches across Nigeria and its head office at UBA House, 57, Marina, Lagos and having subsidiaries across other African countries.
b. Centric Gateway is a an Application Service Provider that authorizes and processes business solutions; providing range of payment integration and Value-Added Services (VAS) for financial businesses on web and mobile channels and its office at 15, Olusesan Adetula Street, Surulere, Lagos
c. Centric Gateway has sent a proposal to UBA for proposing to provide access to SeerGate's e-mail payment platform known as SeerGate, by UBA's customers for use of the platform for their various transactions through different communication platforms.
d. Based on the representation made by Centric Gateway, UBA has decided to engage Centric Gateway to provide access to SeerGate and Centric Gateway has agreed to provide the required access on the terms and conditions set out herein.
NOW IT IS HEREBY AGREED as follows:
1. Definition
In this MOU, the following words shall have the meanings indicated hereunder:
"SeerGate" means the email payment platform owned and licensed by SeerGate Inc
"the Project" means the deployment of SeerGate across different communication channels for UBA Nigeria and in 18 other subsidiaries of UBA in African countries
"the Customers" means account holders who maintain accounts with UBA or any of UBA's African Subsidiaries
2. The License/Access Rights:
Centric Gateway hereby grants to UBA the license for use of SeerGate by UBA customers in Nigeria and the customers of UBA's subsidiaries in 18 African countries to effect payment for goods and services on various communication channels used by the customers
3. Scope of the Project
3.1 Centric Gateway shall deploy the Platform and make the Platform accessible to the Customers on all of the following communication channels:
• Outlook
• U-Direct
• U-Mobile
• Standalone
• Facebook
• such other channels (i.e. Yahoo, Google etc) as SeerGate may partner with in future
3.2 The Platform shall be enabled to carry out both transactions between different UBA accounts and also transactions between UBA accounts and accounts of other banks.
3.3 The platform will also provide for international remittance (subject to regulatory guidelines)
4. LIBA's Obligations
UBA shall:
4.1 Provide hard ware and interface, requirements for the deployment of email money platform
4.2 Undertake product awareness and marketing campaign to drive adoption and penetration
5. CENTRIC GATEWAY's Obligation
Centric Gateway shall:
5.1 ensure that the services are provided in accordance with the terms and conditions agreed by the parties and by qualified, experienced and well equipped personnel who understand the requirements of the Project.
5.2 ensure that the Project is satisfactorily completed within the time lines agreed by the parties
5.3 Hand-over platform management to IT team in UBA (after full deployment) but provide continuous technical support upon escalations at no extra cost to the Bank
6. Cost/ Fees
6.1 In consideration of the services to be rendered under this MOU, the parties hereby agree that Centric Gateway shall be paid a total sum of N22,942,500.00 (twenty-two million, nine hundred and forty- two thousand, five hundred Naira) only, VAT inclusive (Contract Sum) in accordance with the terms of this Agreement
6.2 The Contract sum shall be paid to Centric Gateway in the following manner:
• 50% of the contract sum shall be paid upfront upon production of an Advanced Payment Bond of Guarantee issued in form and substances satisfactory to UBA either by an insurance company acceptable to UBA or by a bank acceptable to UBA
• 30% of the Contract sum shall be paid upon go-live for the last UBA Africa Subsidiary that SeerGate is deployed to
• 20% shall be paid after 3 months from the effective date of the Go-Live Support
6.3 Centric Gateway shall deliver an invoice on payments due, but payment shall not be made until UBA has ascertained that the relevant milestone for the payment has been satisfactorily achieved. Upon confirmation of satisfactory performance, payment shall be made within 30 day
6.4 All payments shall be made into Centric Gateway's current account domiciled in any business office of UBA. Centric gateway shall also ensure payment to all its suppliers is done through its account with UBA
6.5 All payments due under this Agreement shall be subject to the relevant tax laws applicable
6.6 The parties hereby agree that in arriving at the contract sum, all associated expenses have been properly considered and provision made therefore. Consequently, UBA shall not be responsible for any expenses whatsoever, which may be incurred by Centric Gateway in the course of providing the services contemplated under this agreement.
7. Revenue Sharing
The parties hereby agree that the Net Revenue generated from transactions carried out using the SeerGate would be split between UBA and Centric Gateway at the ratio of 70:30, respectively. Before being split between the Parties, UBA shall deduct from the Gross Revenue, direct fees, third party fees and settlement/clearing/network fees directly attributable to each transaction that generated the Revenue, to produce the Net Revenue.
8. Term
This Agreement shall come into effect on the 27 day of February 2015 and shall remain in force for a term of one (1) year, except it is terminated in accordance with the provisions of this Agreement.
9. Warranties & Indemnity
9.1 Centric Gateway warrants that it has the authority to enter into this Agreement and has obtained all requisite permits and licenses from SeerGate Inc to perform the obligations contemplated under this Agreement.
9.2 Centric Gateway warrants that SeerGate does not infringe the intellectual property right of any third party and its use by the Bank and its customers shall not result in any such infringement. Centric Gateway hereby agrees to indemnify and keep UBA full indemnified against any loss, damage, expense or liability that may arise or may be incurred in the event of any claim of infringement.
10. Exclusivity.
Centric Gateway hereby agrees that UBA shall have the exclusive right to use the platform for a term of one year with effect from the Commencement Date. Centric Gateway shall not grant anyone access to use the Platform during the period of exclusivity as stated herein.
11. Termination
11.1 UBA shall be entitled to terminate this agreement if Centric Gateway:
• commits a material breach of any of the terms of this agreement, which has not been remedied within 5 (five) days of receipt of notice of breach
• If in the Bank's reasonable opinion, the services rendered by your Company are unsatisfactory and your Company fail to remedy the defects within 5 (five) business days of the receipt of the notice
• If your Company enters into a composition with its creditors, is declared bankrupt, goes into liquidation or a Receiver/Manager is appointed in respect of the Company.
11.2 Termination for Cause. Either Party may terminate this Agreement upon the occurrence of an Event of Default, as defined below.
11.3 Termination without Cause. Either Party may terminate this Agreement upon giving to the other ninety (90) days written notice.
11.4 Events of Default:
Each of the following occurrences will constitute an "Event of Default" under this Agreement:
11.4.1 Goodwill: Either Party engages in any act or omission that damage the reputation, business, or goodwill of the other Party or the Services;
11.4.2 False Representation: Any representation or warranty made by the Parties or any of its ICs, officers, or directors proves to have been false or misleading in any material respect;
11.4.3 Breach: Without prejudice to UBA's rights as set out in Clause 11.1, either party fails to observe any material obligation specified in this Agreement, and such failure is not cured within thirty (30) days of receipt of written notice thereof from the non-breaching party; or
11.4.4 Insolvency & Liquidation: The liquidation, dissolution, or discontinuance of business by a Party in any manner or the filing of any petition by or against a Party under any federal or state bankruptcy or insolvency laws, which petition shall not be dismissed within 60 days after filing.
11.5 In the event of the termination of this contract, Centric Gateway agrees to refund to the Bank any unearned fees already paid by the Bank for services not rendered by Centric Gateway and paid for by the Bank, and Centric Gateway shall also have the right to recover any amount owed to it by the Bank for services rendered in respect of which the Bank has not paid within the specified time.
12. Confidentiality:
12.1 Neither Party shall disclose or permit to be disclosed to any third party, or use or permit to use for any purpose other than a purpose contemplated by this MOU, any information that may be acquired by such Party under this MOU, except where publicly available other than breach of this MOU or where required by law. Such confidential information shall be restricted to employees, agents and advisors on a need-to-know basis only for the purposes and implementation of the relationship contemplated under this MOU.
12.2 Notwithstanding the provisions of Clause 12.1, UBA hereby confirms that access by SeerGate Inc to its confidential information shall not be considered a breach of this Agreement, provided that Centric Gateway shall ensure that SeerGate Inc undertakes to keep the said information confidential and use them only for the purpose of the services contemplated under this Agreement, Centric Gateway shall be libel for any breach of confidentiality by SeerGate Inc.
13. Indemnity
Each party (the Indemnifying Party) shall indemnify the other (the Indemnified Party) and shall keep the Indemnified party indemnified against any loss, damage or cost incurred by the Indemnified party in the course of the Indemnifying Party executing its obligations under this MOU.
14. Force Majeure
Neither party hereto shall be liable for any breach of its obligations hereunder resulting from the causes beyond its reasonable control including but not limited to strikes, riot, acts of war or revolution, acts of God, civil commotion, fires, floods, destructive lightening, epidemic, system downtime, system malfunction or other circumstances which they could not have foreseen or guarded against.
15. Severance
If any provision is or becomes illegal, invalid or unenforceable for whatsoever reason, such a provision shall be deemed severed from this agreement and the remaining provisions shall have effect as if the severed provision never formed part of the agreement.
16. Dispute Resolution
Any dispute arising out of or in connection with this MOU may be resolved in accordance with the Arbitration and Conciliation Act, Cap A18, Laws of the Federation of Nigeria 2004.
17. Nature of Relationship
The parties understand that this Memorandum of Understanding does not create a partnership, agency, joint venture or such other relationships between the parties.
18. Governing Law
This Memorandum of Understand shall be governed by Nigerian Law.
19. General
19.1 The Parties shall not, except by mutual consent assign or transfer any part or the whole of their rights under this MOU to or in favour of a third party.
19.2 The provisions of this MOU shall not be modified, amended or waived, except by the mutual consent of both parties in writing.
19.3 Any notice or other information required or authorised by this MOU to be given by either Party to the other may be given by hand, facsimile transmission or other comparable means of communication at the registered office address of the Party as given in the Parties clause hereto.
IN WITNESS WHEREOF the parties have caused this Memorandum of Understanding to be executed in the manner hereinafter appearing.
Signed for and on behalf of:
CENTRIC GATEWAY LIMITED
Name: ________________________________
Designation: ___________________________
Signature: _____________________________
Name: ________________________________
Designation: ___________________________
Signature: _____________________________
Signed for and on behalf of:
UNITED BANK FOR AFRICA PLC
Name: ________________________________
Designation: ___________________________
Signature: _____________________________
Name: ________________________________
Designation: ___________________________
Signature: _____________________________
Yes!! 4 major Updates posted on myechecks FaceBook board on 9/11/15 AT 8:30PM
Great news for all MYEC longs - we are going much higher. This is just the start - all eyes will be on our MYEC!!
1) We have not had any response yet from the SEC on the Form 10 although we should hear from them in the next couple of weeks. There is quite a lot of new content so I think that it will take 60 days from filing to become effective. We will then immediately file an application with the OTC for uplisting.
2) We now offer major retailers, banks, processors and other organizations custom (white label/private label) mobile commerce solutions. I think this is another area that gives us a huge competitive advantage over others. Deals like we are did in Africa whereby the bank essentially designs the system around our platform and we build it. Multiple private branded unique mobile payment systems powered by eMobile.
3) eMobile Update: After the Apple app went live we turned all resources on Africa so little has been done to progress eMobile in the past couple weeks. However, we have new app development starting in Folsom on Monday, we've been doing all app work in Israel, so eMobile will get major enhancements soon. We will be starting sales and marketing efforts this month after the app gets updated, we're bringing aboard highly qualified sales management with existing customers of many of our target accounts. We're targeting major retailers, wallets and banks/processors/ISOs.
4) Africa Update: The bank in Africa intends to launch (pilot) to about 15,000 users on Tuesday. It could be delayed slightly if something comes up in testing on Monday but any further significant delay is very unlikely at this point. The bank should start their marketing around the same time, hopefully, we will announce in a press release as soon as the bank announces the service publically. It's going to be a very successful payment system I believe, the bank seems to want to exploit all of it's potential.
WILL MONDAY BE THE DAY? IT WILL BE 11DAYS SINCE THIS POSTING
How's the Africa deal coming? Any thing you can tell us yet?
September 3 at 8:12pm
MyEcheck: The bank is testing and finishing up some pre launch items, yes they are late, but they have added features and expanded the capability from the original plan. I expect them to test and bug fix for about a week more give or take a few days. This is a large scale project and it takes time, we have completed a massive complex bank integration of a whole new payment and billing system with only two programmers in Israel, Valerie and Oren, so although it seems as though there is little progress happening, there is a lot of game changing new technology in development and being delivered
DD ON WHOM I THINK THE TELECOM COMPANY& AGENT NETWORK THAT WILL BE REPRESENTING UBA TO PROMOTE MYECHECKS APPLICATION THRUOUT AFRICA
#1 AIRTELS AGREEMENT WITH UBA
http://www.thecitizen.co.tz/…/2541130/-/ne47nnz/-/index.html
#2 AIRTELS AGREEMENT WITH WARI AN AGENT NETWORK TO PROMOTE UBA'S / MYECHECKS PRODUCTS THRUOUT AFRICA
http://www.biztechafrica.com/…/airtel-wari-expand-f…/10517/…
http://www.theinfostride.com/…/wari-gets-airtel-support-fo…/
#3 AND THESE LINKS WHICH ASSURE ME I AIRTEL IS THE TELECOM COMPANY THAT UBA IS USING
November 26th 2014, Michelangelo Hotel
http://www.economistinsights.com/…/future-banking-africa-20…
LOOK at the KEY PLAYERS AT THIS CONFERANCE FROM UBA and AIRTEL they have all been major executives with UBA for extended years at UBA, here's an agreement they made and agreed to 7 days after this conference
http://pctechmag.com/…/uba-partners-airtel-to-launch-mobil…/
here are the BIO'S to all the key players in this agreement
Chidi Okpala AIRTEL AFRICA he was the CEO of Retail Banking Business for United Bank for Africa Group; managing Personal Banking in 19 African countries. http://live.worldbank.org/experts/chidi-okpala
Kennedy Uzoka Deputy Managing Director UNITED BANK FOR AFRICA https://www.ubagroup.com/mc/bio?id=201209040337154bdp45agdy
UBA Plc’s Managing Director/CEO Mr. Phillips Oduoza - https://www.ubagroup.com/mc/bio?id=20120904032833dky9zr9pp7
PLEASE GIVE ME YOUR FEEDBACK AND THOUGHTS ON THIS
AND MYECHECK / SEERGATES APPLICATION WILL BE PART OF THIS AGREEMENT
FUTURE OF BANKING IN AFRICA
THE RACE TO BANK FOR AFRICA’S BILLIONS HAS BEGAN
PROJECT ALPHA WILL BE THE KEY FOR UNITED BANK FOR AFRICA
http://thenationonlineng.net/strong-performance-pushes-uba-to-top-counter/
MOBILE BANKING IS THE KEY TO OUR SUCCESS THRUOUT AFRICA
Future of Banking for Africa in 2016
New frontiers in a high-growth market
November 26th 2014, Michelangelo Hotel
http://www.economistinsights.com/financial-services/event/future-banking-africa-2014
LOOK at the KEY PLAYERS AT THIS CONFERANCE FROM UBA and AIRTEL they have all been major executives with UBA for extended years at UBA, here's an agreement they made and agreed to 7 days after this conference
http://pctechmag.com/2014/12/uba-partners-airtel-to-launch-mobile-financial-services-across-africa/
here are the BIO'S to all the key players in this agreement
Chidi Okpala AIRTEL AFRICA he was the CEO of Retail Banking Business for United Bank for Africa Group; managing Personal Banking in 19 African countries. http://live.worldbank.org/experts/chidi-okpala
Kennedy Uzoka Deputy Managing Director UNITED BANK FOR AFRICA https://www.ubagroup.com/mc/bio?id=201209040337154bdp45agdy
UBA Plc’s Managing Director/CEO Mr. Phillips Oduoza - https://www.ubagroup.com/mc/bio?id=20120904032833dky9zr9pp7
AND MYECHECK / SEERGATES APPLICATION WILL BE PART OF THIS AGREEMENT
FUTURE OF BANKING IN AFRICA
THE RACE TO BANK FOR AFRICA’S BILLIONS HAS BEGAN
PROJECT ALPHA WILL BE THE KEY FOR UNITED BANK FOR AFRICA
http://thenationonlineng.net/strong-performance-pushes-uba-to-top-counter/
MOBILE BANKING IS THE KEY TO OUR SUCCESS THRUOUT AFRICA
Future of Banking for Africa in 2016
New frontiers in a high-growth market
November 26th 2014, Michelangelo Hotel
http://www.economistinsights.com/financial-services/event/future-banking-africa-2014
LOOK at the KEY PLAYERS AT THIS CONFERANCE FROM UBA and AIRTEL they have all been major executives with UBA for extended years at UBA, here's an agreement they made and agreed to 7 days after this conference
http://pctechmag.com/2014/12/uba-partners-airtel-to-launch-mobile-financial-services-across-africa/
here are the BIO'S to all the key players in this agreement
Chidi Okpala AIRTEL AFRICA he was the CEO of Retail Banking Business for United Bank for Africa Group; managing Personal Banking in 19 African countries. http://live.worldbank.org/experts/chidi-okpala
Kennedy Uzoka Deputy Managing Director UNITED BANK FOR AFRICA https://www.ubagroup.com/mc/bio?id=201209040337154bdp45agdy
UBA Plc’s Managing Director/CEO Mr. Phillips Oduoza - https://www.ubagroup.com/mc/bio?id=20120904032833dky9zr9pp7
AND MECHECKS/SEERGATES APPLICATION WILL BE PART OF THIS AGREEMENT
MYECHECKS FUTURE IS MOBILE MONEY IN AFRICA UBA/AIRTEL
Financial Inclusion: Glo Xchange Rolls Out Super Agent Network
ITS GETTING READY TO START NOW!!!!!!!!!!!
http://leadership.ng/news/459635/financial-inclusion-glo-xchange-rolls-out-super-agent-network
CBN Set To Accommodate, Give Mobile Money License To Telecom Companies
(It's eminent this article is 4 hours old) and I truly think UBA and GLO EXCHANGE are the major players and somehow seergates software will be the backend for all transactions for all the banks of this consortium between the leading Banks and Telecomproviders ( read this following articles and give me your input.
http://footprint2africa.com/cbn-set-to-accommodate-give-mo…/
http://thenationonlineng.net/glo-xchange-agents-begin-oper…/
Head, Mobile Money Financial Business in Globacom, Mr. Esaie Diei, said Glo Xchange is A MAJOR EXECUTIVE AT UBA NOT GLOBACOM
Esaie DIEI | LinkedIn
https://ng.linkedin.com/pub/esaie-diei/21/314/78a
Nigeria - Group Prepaid Card Manager, United Bank for Africa Plc, Africa's Global Bank these are all the banks he mentions in the last article, I believe that seergates application will be getting a small % of transaction fees and revenues for total transactions between these banks and Globacom
CBN Set To Accommodate, Give Mobile Money License To Telecom Companies - Footprint to Africa
The Central Bank of Nigeria (CBN) said it has to loosen its regulatory policy on mobile money to accommodate telecommunications companies in the country
FOOTPRINT2AFRICA.COM
MyECheck offers QR mobile payments
http://www.nfcworld.com/2015/09/03/337476/myecheck-offers-qr-mobile-payments/
UBA IS WIRED TO THE NEW GOVERNMENT, THIS IS GOING TO BE HUGE WHEN ANNOUNCED
http://africanspotlight.com/2015/08/28/photo-profile-buharis-chief-of-staff-alhaji-abba-kyari-a-banker/
MYEC PPS WILL EXPLODE WITH AFRICA NEWS - 18 COUNTRIES - BILLIONS TRANSACTIONS
APP launch just the start. UBA coming announcement with 18 African countries. Form 10 submitted and up list to OTCQB. No more delays
ACCURATE MYEC AFRICA NEWS (links)
http://venturesafrica.com/uba-airtel-partner-on-new-financial-services-deal/
Only 32% Nigerians access Internet via smartphones
THIS IS WHAT MAKES ARE PRODUCT SO VALUBLE TO UNITED BANK for AFRICA and AIRTEL THE WHOLE POPULATION CAN NOW BANK WITH ARE E-MAIL AND SMS TEXTING CAPIBILITIES IT DOESN"I REQUIRE A SMARTPHONE CABPIBILITY TO WORK THIS ALSO THE SAME SITUATION WITH THE OTHER 18 COUNTRIES IN AFRICA WITH UBA THIS IS GOING TO BE HUGE FOR US
http://www.nigeriannewspapers.today/only-32-nigerians-access-internet-via-smartphones-telco/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116563475
FOUR WAYS MOBILE PHONES HAVE TRANSFORMED LIFE IN AFRICA
ARE APPLICATION WILL BE A MAJOR PLAYER IN THIS MARKET
http://www.virgin.com/entrepreneur/four-ways-mobile-phones-have-transformed-life-in-africa
Mobile banking users set to double by 2019
http://www.thepaypers.com/online-mobile-banking/mobile-banking-users-set-to-double-by-2019-report/760834-12
34.8 BILLION TRANSACTIONS THE POTENTIAL REVENUE FOR MYECHECK IN AFRICA IS STAGGERING!!!!!
(FROM FACEBOOK JUNE 3rd ED STATS THE AFRICA DEAL IS VERY LARGE AND WILL GENERATE VERY SUBSTANTIAL TRANSACTION FEE REVENUE DUE TO THE VERY LARGE NUMBER OF USERS AND TRANSACTIONS,
http://www.ngrguardiannews.com/2015/07/mobile-devices-aid-608-growth-in-payment-activities/
HI GUYS, THESE POSTS ARE ALL FACTS WITH LINKS, I
'M IN JAIL AND ONLY HAVE 1 POST PLEASE REPOST THIS OFTEN, LETS GET THE WORD OUT ON THE TRUTH, I NEED YOUR HELP PLEASE REPOST THIS
MYECHECKS SEERGATE APP WITH ITS USE OF E-MAIL AND SMS TEXTING CAPIBLITYS OVERCOME THIS PROBLEM AND WILL ALLOW UNBELIEVABIE USE IN THE RURAL AREAS OF NIGERIA WHERE 70% OF THE POPULATION IS UNBANKED, THATS WHY UNITED BANK OF AFRICA CHOOSE MYECHECK, THE REVENUES FOR MYECHECK IS GOING TO BE SHOCKING ( DO YOU THINK THAT ONLY UBA IS LOOKING FOR THIS SOLUTION? I DON"T and JIM FANCHER DOESN'T
Only 32% Nigerians access Internet via smartphones – Telco
http://www.nigeriannewspapers.today/only-32-nigerians-access-internet-via-smartphones-telco/
YOUR GOING TO BE SHOCKED AT WHAT THIS STOCK WILL BE WORTH SOON
LISTEN TO THIS AUDIO BROADCAST FROM ED STARRS EXPLAINING THE AFRICA DEAL HE STATES WILL BE IN 18 COUNTRIES FAST FORWARD THE PRESENTATION TO 14:08
I PURCHASE LAST AUGUST ALL MY SHARE WERE BOUGHT BEFORE THE 18th EVERTHING NOW IS A LONG TEARM CAPITAL GAIN I BOUGHT A FEW MILLION IN THE 3s but my average is .0168 good luck
NO BUT THE % OF TRANSACTIONS DONE IN THE 12 COUNTRIES IN THIS PARTNERSHIP WILL, LOOK I UNDERSTAND YOU HATE ED AND WHAT HE'S PUT YOU THRU BUT HE WALKED INTO SOMETHING WHEN HE HIRED JAMES FANCHER , JIM HAD BEEN WORKING ON THIS APPLICATION WITH SEERGATE FOR 5 YEARS, SEERGATE COULDN'T FIND PLAYERS AND BASICALLY WENT BELLY UP, JIM FANCHER HAD TO CONVINCE ED INTO BUYING THIS COMPANT SEERGATE, THE INK WASN'T DRY WHEN CENTRIC CALLED AND SAID IT HAD A DEAL FOR THE SOFTWARE, BECAUSE IT WORKS PERFECTLY FOR THE THIRD WORLD, SO I GUESS ED REALLY LUCKED OUT, RIGHT WHEN HE NEEDED IT THE MOST, THIS IS GOING TO GENERATE HUGE REVENUES FOR MYECHECK REGARDLESS IF YOU BELIEVE IT OR NOT, IF YOU LOOK AT THE LAST FILLING ED HAS HAD TO GIVE ISSUE 90,000,000 SHARE OF STOCK TO THE SEERGATE EMPLOYEES, THEY NOW HAVE BIG SKIN IN THE GAME, AND CAN get RICH of THIS DEAL TO AND I'M GOING ALONG FOR THE RIDE (look at one of the last things on the form 10 JULY 29th and you will see it, so you can scream Dilution, I look at it as a real positive, they all have big skin in the game on a process they invested 6 years of their lives for, THIS IS A VERY VERY GOOD APPLICATION FOR THE 3rd WORLD, AND I GUESS ED REALLY LUCKED OUT, YOU BETTER CHECK OUT WHAT I'M SHARING WIT YOU, YOU COULD MAKE A LOT OF MONEY WHEN THE @and QUARTER RESULTS ARE REPORTED IN AUGUST, I'll BE THERE GOOD NIGHT
THESE TRANSACTION NUMBERS EXPLAIN IT ALL
MYECHECKS APPLICATION WILL BE IN 12 AFRICAN COUNTRYS, YOU FIGHRE IT OUT
34.8 BILLION TRANSACTIONS THE POTENTIAL REVENUE FOR MYECHECK IN AFRICA IS STAGGERING!!!!!
(FROM FACEBOOK JUNE 3rd ED STATS THE AFRICA DEAL IS VERY LARGE AND WILL GENERATE VERY SUBSTANTIAL TRANSACTION FEE REVENUE DUE TO THE VERY LARGE NUMBER OF USERS AND TRANSACTIONS,
http://www.ngrguardiannews.com/2015/07/mobile-devices-aid-608-growth-in-payment-activities/
READ THIS CLOSELEY AND YOU TELL ME HOW MANY COUNTRIES MYECHECK IS GOING INTO WITH THIS DEAL
http://venturesafrica.com/uba-airtel-partner-on-new-financial-services-deal/