More updates from Ed tonight
To address some questions below, the system at launch will enable customers at this bank only at first, (still millions of people), but it will open up to non-bank customers and the people without any bank, It will also move into other African countries (17 I think) after initial launch.
They want us to integrate with the cardless ATM networks next. This opens the opportunity for bank customers and non banked to move cash in and out of the system.
They also operate in other parts of the world and plan to add international remittances from major western countries on the system.
We are also working with other entities on the continent and I expect to announce more deals in Africa.
MYEC