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Skaleet and Mobiblanc Announce Partnership for a Cutting-edge Technology to Serve Banks Across Africa

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Skaleet

Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), has partnered today with Mobiblanc, an Agile Digital Services Entreprise (ESN), to offer turnkey solutions to financial institutions across Africa. The partnership will ensure that financial institutions have the capacities to launch new digital and innovative financial solutions that they can provide to their customers, whether businesses or individuals.

Mobiblanc, based in Morocco and Tunisia, is a leading player in North and West African markets entirely devoted to digital solutions. With a talented and dynamic team, Mobiblanc delivers an efficient and effective consulting and integration service for a wide range of clients.

Skaleet enables retail banks and financial institutions to launch new banking products and services for their customers at a competitive price. Through its open, modular, and flexible Core banking Platform, Skaleet offers innovative and scalable banking solutions that are built end-to-end and tailored to each customer.

The digital marketplace is continually, and rapidly, developing and evolving and the partnership between Skaleet and Mobiblanc enables financial institutions to ensure clients stay at the forefront with innovative and cutting-edge technology. Providing the best service and advice to clients, Skaleet and Mobiblanc are able to respond quickly to the digital evolution of banking and financial services with innovative and agile solutions that are competitively priced.

Yves Eonnet, chairman and co-founder of Skaleet said, “Today, it is essential for financial institutions to be able to innovate quickly and adapt to change. The ecosystem we have built relies on expert partners who are aware of this challenge and can find solutions. We quickly saw a cultural, technological and business fit between our two organizations and are delighted to have partnered with Mobiblanc. The partnership will enable us to further expand our offering and add value to our customers across Africa.”

Youssef El Alaoui, co-founder of Mobiblanc, added, “This partnership confirms our strategic orientation to support the digital transformation of the financial sector. We share the ambition with Skaleet to offer integration of innovative solutions with cutting-edge, technological expertise in order to bring added value to our partners and respond to the new business requirement of the sector.”

Both Skaleet and Mobiblanc are committed to continue innovating and creating new modules and functionalities to reshape the banking and financial ecosystem in favour of a formal, inclusive and sustainable development of the African continent.

Skaleet and Mobiblanc will participate at Africa Pay & ID Expo 2022 (APIDE), 26-28 May 2022, Marrakech, Morocco.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Financial Inclusion: ZirooPay Targets Deeper Mobile POS Penetration in Nigeria

Nigeria’s retail Point-of-Sale solution provider, ZirooPay has embarked on an aggressive drive to deepen the penetration of its unique mobile POS assets.

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Omoniyi Olawale

In a bid to boost market share while driving financial inclusion by penetrating the underbanked market through its proprietary mobile POS technology, Nigeria’s retail Point-of-Sale solution provider, ZirooPay has embarked on an aggressive drive to deepen the penetration of its unique mobile POS assets.

Over the next months, ZirooPay hopes to grow its network of mobile POS around Nigeria by adding no fewer than 20,000 mobile POS, on the heels of a successful funding round, which has positioned it to tap into the growing opportunities in Africa’s retail sector.

Recall that ZirooPay is reputed for a patent of a unique and efficient mobile POS technology that enables small businesses to process card payments in real-time, even when there is no internet/data connection, strategically positioning it to drive financial inclusion in a country that has achieved only 63 per cent financial inclusion and 33.6 per cent of broadband penetration.

ZirooPay’s payments solution is fast, simple and reliable, delivering a 95 per cent transaction success rate for POS transactions compared to the industry’s average of 25 – 50 per cent.  The solution leverages its unique and patented internet-free technology, to enable SMEs (across the retail, agency banking, hospitality and services sectors) to process in-person payments, track their sales, and manage their businesses from their mobile devices.

Beyond payments, ZirooPay also provides merchants with automated sales history, sales analytics, and inventory tracking to help them monitor and manage their businesses more efficiently. ZirooPay’s superior transaction success rate and the integrated nature of its service stand it out from the competition.

The payment provider, which started operations in Nigeria in 2019, has organically grown to 15,000 merchants processing over $500m in 10m transactions and looks to replicate this success across Africa.

Speaking recently, the Chief Executive Officer, CEO of ZirooPay, Omoniyi Olawale said this is part of several initiatives aimed at empowering more SMEs to take effective control of their businesses, adding that the firm is committed to deepening access to ZirooPay’s invaluable payment services for all sizes of retail business both in rural and urban centres in Africa.

He explained that innovative payment solutions such as ZirooPay will remain an imperative as wholesale and retail sectors continue to dominate Africa’s contribution to its GDP, even as population growth and rapid urbanisation continue to drive consumption across the continent.

He said, “ZirooPay has set out to build an operating system for retail in Africa by providing solutions that not only drive financial inclusion but also support the payment infrastructure needed for retail to thrive on the continent. Lack of reliable payment technology for the continent remains one of the major challenges that has hindered trade tremendously and ZirooPay Mobile POS solution will address this challenge.”

According to Omoniyi, while it is still early days for payments in Africa, ZirooPay understands the peculiarities of the continent’s infrastructure challenges and would continue to advance similar innovative solutions that will address the payment challenge on the continent on a sustainable basis.

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GTCO’s HabariPay Limited Receives Final Approval from CBN

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The management of Guaranty Trust Holding Company Plc (GTCO Plc) announced the bank’s payment subsidiary, HabariPay Limited has received final approval from the Central Bank of Nigeria (CBN).

The lender announced in its latest statement signed by Erhi Obebeduo, Group Company Secretary and General Counsel, and obtained by Investors King.

According to the bank, HabariPay will be used to expand GTCO Plc’s services to underserved markets and deepen CBN efforts at expanding the number of people in the financial system. This, GTCO said would contribute to the resilience of the global payment ecosystem.

Commenting on the new payment subsidiary, Segun Agbaje, Group Chief Executive Officer, GTCO, said payments are central to the development of financial services globally and represent a key growth area for the group.

“GTCO Plc has been at the forefront of delivering cutting-edge innovative solutions with its banking franchise and would leverage this capacity to transform the evolving payment space,” he said.

“With HabariPay, we have successfully created another pathway towards enhancing the service experience for our customers and creating more value for our stakeholders.”

“Our vision is an Africa where every payment is digital, and we hope to achieve this by increasingly leveraging technology to improve access to financial services for individuals and empower businesses across Africa with the right digital tools to thrive.”

 

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PayPal Ventures’ First Layer 1 Investment has Been Revealed as Aptos.

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In March, Aptos Labs announced a $200 million investment round, and now the company has confirmed that PayPal was one of the investors.

PayPal Ventures was one of the investors in Aptos Labs’ $200 million funding round confirmed in March, according to Coin Desk. Aptos Labs is bringing Facebook’s star-crossed Diem blockchain to life. PayPal Ventures’ first investment in a base layer product was made with this investment.

In a statement, PayPal Ventures investment partner Amman Bhasin stated, “We trust in the work that the Aptos Labs team is undertaking to establish a safe and scalable layer 1 blockchain.”

“The Aptos blockchain is constructed in such a way that it is both conducive to creating new rails and enticing to corporate clients and crypto-native developers, with the promise of greater dependability and security, faster transactions, and cheaper costs.”

PayPal (PYPL) was an early supporter of Libra, pledging at least $10 million to join the Libra Consortium. Following outrage on Capitol Hill, the corporation swiftly withdrew. Andreessen Horowitz (a16z) led the Aptos funding round, which included Multi coin Capital, a16z alum Katie Haun, Three Arrows Capital, Para Fi Capital, and Coinbase Ventures, among others. The involvement of PayPal Ventures was not disclosed in the initial statement.

Aptos is composed of the Diem (previously Libra) blockchain’s original creators, researchers, designers, and constructors. The blockchain was announced as the backbone of a stablecoin project by Meta Platforms (previously Facebook) in 2019, but the project never got off the ground due to legal difficulties.

Meta announced the shutdown of Diem earlier this year, and Silver gate Bank purchased the technology and other assets. Much of the work done by Diem-affiliated teams, on the other hand, was done under open-source licenses, which means that the intellectual property is free to use. 

Two months ago, Aptos’ developer test net became live. The main net is expected to be released in the third quarter.

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