More on Africa:
This will rollout in stages, stage one enables intra-bank account to account transfers in one country, about 7,000,000 potential users. Stage two enables the wallet account so anyone outside the bank can use the system similar to PayPal or a stored value card, users can load cash and withdraw cash from cardless ATMs. Users will be able to facilitate transfers via their mobile device, or at an ATM, email, SMS, or through social media and other methods. Stage three rolls out the system to 18 countries on the continent.
The bank is running our software as their system, we get % of the gross transaction revenue. They will be using a similar e brand.
