Under the terms of the partnership, SimplePay users are able to send money instantly to any PocketMoni account by logging into their SimplePay account.
eTranzact, a multi-application and multi-channel electronic payment processing company, was founded in September 2003. Its services include products which cut across aspects of the e-payment space such as ATM, internet, POS and mobile. The company has deployed its mobile payment services to banks and non-bank financial institutions alike and was recently granted a license by the Central Bank of Nigeria to provide Mobile Money services to individuals with a special focus on the unbanked.
In September 2014, eTranzact International unveiled the investment of USD 350,000 into a mobile money activation project in collaboration with EFInA, a financial sector development organisation.
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