$myec more good news UBA update: We have very good news, we have completed "send to mobile" and "send to bank account
" services that are now available on EmailMoni along with "send to email". Also we have completed "send to ATM" which will be imminently available on the system. These were important features UBA wanted in place before a major market push.
Send to mobile allows EmailMoni users to send money to a mobile number, the recipient does not need an email address, simply a mobile phone. Also, users of EmailMoni can now send money directly to any bank account
in Nigeria in real time. Send to ATM allows EmailMoni users to send money that can be widthdrawn from any ATM in Nigeria.
Also available on EmailMoni is bill pay, and mobile air-time pre-pay top-up. We have also streamlined the online registration process based upon user feedback and experience.
Feedback from senior management at the bank is very positive, and there is a long list of benefits realized by the bank compared to their other platforms, including higher profit margins on transactions due to the low operational costs of our platform. We are told there is a big market push within the coming months.
New bank: We are working with them to start the system customization and integration. This process will be much quicker than is was with our first bank since the platform is the same.
Financials: 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.
Once we are current in our filings, we will re-start an active PR program to increase awareness of our company to the investment community.
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