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Splash Mobile Money, MoreMagic Solutions extend mobile money ecosystem in Sierra Leone

Tuesday 13 November 2012 08:58 CET | News

Mobile payments platform provider MoreMagic Solutions, a subsidiary of France-based global technology provider Oberthur Technologies and Splash Mobile Money, a provider of mobile money transfer and payments services in Sierra Leone, have extended the Splash Mobile Money ecosystem in Sierra Leone to include DStv, a satellite television provider, financial institutions Access Bank and Ecobank Microfinance and the national network of rural banks.

MoreMagic is the technology provider behind the Splash Mobile Money service. With MoreMagic’s platform, stakeholders are able to interconnect within a mobile commerce ecosystem to enable a service that is available to all mobile customers across Sierra Leone, irrespective of their service provider.

Under the extended agreement, DStv customers are able to make payments for their satellite subscriptions from their mobile phones and their account is credited immediately.

Splash Mobile Money was founded in 2008 and it operates across all three GSM networks in Sierra Leone. The company currently has approximately 90,000 registered users with more than USD 2 million of transactions being processed per month. These transactions include person-to-person money transfers, corporate payroll and other business disbursements, microfinance loan disbursements and repayments, retail point-of-sale purchases, airtime top-up and remote payments for bills and fees.

Oberthur Technologies was founded in 1984 as a technology provider. The company delivers systems development, smart cards services including payment cards, SIM cards, access cards, NFC and secure identity documents. The company also offers solutions such as the Smart PIN, where the customer receives his banking card PIN via SMS.

In recent news, Oberthur Technologies and Europe-based provider of mobile software services Sicap have unveiled their mobile signature service platform dubbed Mobile Ink at the CARTES 2012 Exhibition & Conference which took place in Paris between 6-8 November 2012.


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Keywords: Splash Mobile Money, MoreMagic Solutions, Oberthur Technologies
Categories: Payments & Commerce
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