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South Sudan efforts to widen financial inclusion: What does this mean for the future of mobile money?
NilePay PLC has partnered with Zain South Sudan to launch a licensed mobile money service dubbed NilePay Mobile Money.
Fri, 09 Aug 2019 14:48:27 GMT
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AI Generated Summary
- The collaboration between NilePay PLC and Zain South Sudan represents a significant step towards eliminating barriers to financial inclusion in South Sudan and unlocking the potential of global eCommerce for consumers.
- The investment of approximately $2 million in infrastructure, marketing, technology, human resources, education, and awareness underscores the commitment to ensuring the success and sustainability of the NilePay Mobile Money service.
- The government of South Sudan has demonstrated a forward-thinking approach in embracing mobile money solutions and has shown readiness to support policies that foster an environment conducive to mobile transactions, interoperability, and financial innovation.
In a groundbreaking move to widen financial inclusion in South Sudan, NilePay PLC has teamed up with Zain South Sudan to introduce a licensed mobile money service named NilePay Mobile Money. This partnership aims to eliminate obstacles that have impeded consumers in the country from fully embracing global eCommerce opportunities. Olivier Malesi, the General Manager of NilePay, shed light on this transformative initiative in an exclusive interview with CNBC Africa. This innovative mobile money platform is a culmination of years of efforts aimed at promoting financial inclusion and enhancing access to mobile money services in the region. Malesi highlighted the challenges encountered in navigating regulatory and policy landscapes to bring this solution to fruition. The partnership between NilePay PLC and Zain South Sudan represents a significant milestone in the quest to revolutionize the financial services sector in the country. The dynamic nature of technological advancements has played a pivotal role in shaping the development and implementation of mobile money solutions in South Sudan.
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