Welcome!

News Feed Item

Splash and MoreMagic Continue to Expand Mobile Money Ecosystem in Sierra Leone

Splash Mobile Money Limited ("Splash”) and MoreMagic Solutions (“MoreMagic”), a wholly owned subsidiary of Oberthur Technologies, announced today that they have expanded the Splash Mobile Money ecosystem in Sierra Leone to include DStv, the country’s leading satellite television provider, two additional commercial banks – Access Bank and Ecobank Microfinance – and the national network of nearly 50 rural banks set up by the United Nations International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture.

MoreMagic is the leading 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 secure service that is available to all mobile customers across Sierra Leone, irrespective of their service provider.

Splash is bringing greater convenience to more than 5,000 DStv customers who are now able to make payments for their satellite subscriptions direct from their mobile phones. Previously, customers had to queue up at a DStv agent location to pay for additional credit and then wait for their account to be updated. Now they can make these payments from anywhere using their mobile phones and their account is credited immediately. After this successful deployment in Sierra Leone, the parties involved are now exploring opportunities in other markets across Africa, where DStv boasts more than 4 million subscribers in over 40 countries.

Launched in 2009, after a successful pilot operation with MoreMagic which saw over 12,000 customers register for the service in less than 4 months, Splash operates across all mobile networks in Sierra Leone and aims to drive economic empowerment throughout the country by banking the unbanked, and bringing more convenience to the banked population as well as established businesses. The combination of Access, Ecobank and Splash’s original partner, Guaranty Trust Bank, represents a significant step towards achieving these goals. Also, the rural bank partnerships will allow Splash to extend its services to residents and workers in nearly 50 provincial areas with limited access to basic financial services.

In addition to DStv, Splash has attracted other business customers who have appreciated the value of Splash’s cross Mobile Operator model. One of the largest Micro Finance Institutions (MFIs) in Sierra Leone (with 20,000 borrowers) is using Splash for loan disbursements and repayments, and there are many more in the pipeline planning to start from early 2013. In addition, a juice processing factory that sources products from farmers all over the country is using Splash to make payments, and several multinational organisations including Oxfam, International Rescue Committee, Innovations for Poverty Action and UNDP have embraced Splash to make bulk transfers to field staff dispersed around the country.

“The continued expansion of the Splash ecosystem means a richer experience for our customers” said Daniel Osei-Antwi, MD, Splash Mobile Money Limited. “We are delighted that the flexibility of MoreMagic’s platform has not only allowed us to scale, but has also enabled us to expand our portfolio of services by introducing new stakeholders to our ecosystem. Many of these new partners and clients have large regional footprints that present a compelling opportunity for growth beyond Sierra Leone in the near future.”

“We’re delighted to be the technology provider behind Splash which represents one of the few examples of a Mobile Money service that is available to all mobile customers across a country, irrespective of their service provider” said Pankaj Gulati, CEO, MoreMagic. The fact that more than 40% of Splash P2P money transfers represent cross network transactions just reinforces the case for broadening ecosystems or encouraging interoperability which will benefit not only the consumers, but the mobile operators, banks and merchants” he added.

About MoreMagic, An Oberthur Technologies Company

MoreMagic is a wholly owned subsidiary of Oberthur Technologies and a leading provider of Mobile Money solutions for mobile operators, financial institutions and other service providers worldwide. MoreMagic’s flexible, customisable and scalable platform interconnects all the stakeholders within a mobile commerce ecosystem to enable the delivery of a comprehensive suite of secure services: cloud wallet, remote and proximity payments, top up, cross border value exchange, coupons and loyalty. MoreMagic has more than 30 active deployments and over 120 mobile operators across 60 countries with a total addressable market of over 1 billion mobile users are connected to its international recharge hub. For more information: www.moremagic.com

About Splash Mobile Money

Splash Mobile Money is a leading provider of mobile money transfer and payments services in Sierra Leone, where it has been in operation since 2009. The company operates across all three GSM networks in Sierra Leone (Africell, Airtel, Comium), and currently has approximately 90,000 registered users with more than $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 various bills and fees. For more information: www.splash-cash.com

About Oberthur Technologies

Oberthur Technologies is a world leader in the field of secure technologies: systems development, solutions and services for smart cards (payment cards, SIM cards, access cards, NFC…) and for secure identity documents, traditional and electronic (identity card, passport, health care card). Created in 1984, Oberthur Technologies employs over 6 000 employees. With 50 sales offices across 5 continents, Oberthur Technologies’ international network serves clients in 140 countries.

For more information: www.oberthur.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...