‘Bibimoney’ facilitates mobile device money transactions

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‘Bibimoney’ facilitates mobile device money transactions

11:20 CAT | 13 Sep 2017

Twitter / Andrew Parmley, Lord Mayor of London ( second standing from the left), witnessed the launch yesterday in Maputo

The new Bibimoney platform launched in Maputo yesterday will facilitate international money transfers between different telephone operators.

The initiative comes at a time when Mozambican phone users are able to conduct transactions with customers of compatible phone operators only. The new platform aims to make transactions possible regardless of the operator.

The project will cover all districts in the country, leading academic Celina Come to remark that that there is a need to look at technology coverage country-wide, if one wishes to talk about FinTech (financial technologies).

“Experience shows that Mozambique can advance in the use of mobile accounts,” Come says. “We only have to remember that almost half the Mozambican population has access to mobile phones to sense that a large part of them will be using mobile banking services.”

Operator representatives, economists, insurance companies and others took part in the launch ceremony. African countries including Malawi, Tanzania, Kenya, Nigeria are already on the platform.

Source: O País