By
Telecom Lead Team: Obopay, a mobile banking and payment
solution provider, has tied up with Warid Telecom, to launch mobile banking and
payment service, Warid Pesa, in Uganda.
Warid
Pesa provides a prepaid account that enables customers to perform e-money
transactions, pay for goods and services as well as settle accounts.
Warid
Pesa is based on Obopay’s open and interoperable mobile money solutions.
Obopay’s service enables new channels of distribution for offering financial
services that are useful in areas with income disparity.
We
understand that financial inclusion is the most important aspect in alleviating
poverty in Uganda. Warid Pesa is an attempt to establish innovative and
convenient mobile money transfer and payments for those who don’t have access
to banking service,” said Shailenrda Naidu, chief commercial officer, Warid
Telecom, Uganda.
The
government of Uganda recognizes that mobile banking and payments are major
catalysts in the drive toward financial inclusion in Uganda. Through Warid
Pesa, people of Uganda can avail themselves benefits of financial services that
were until now inaccessible to a majority of the population.
“Warid
Telecom is an important strategic partner for us and comes at the right time as
we have been interested in venturing into the Ugandan market for some time. Our
platform is ideally suited for the Uganda market. The service encompasses not
only the needs of the consumer, but also is beneficial for retailers, agents
and merchants,” said Deepak Chandnani, CEO, Obopay.
Obopay
created its technology for all types of cell phones and its solutions are
accessible via SMS, IVR, WAP and USSD channels. Optimum security has been
provided for payment transactions to ensure that there is no money laundering
and the users’ hard earned money is safe.
