The MTN MobileMoney service will enable MTN MENA to offer its subscribers various financial services including money transfer, mobile payment and balance checking, mobile purchases, as well as the ability to buy airtime in real-time.
Moreover, MTN MobileMoney’s user friendly interface features simple menus and multiple language options, including English and local languages.
Gemalto has worked in collaboration with Fundamo, a mobile financial services provider, to jointly supply the complete solution for the MTN MobileMoney service.
The jointly developed SIM-based technology offers optimum level security available for transactions through end-to-end encryption. The technology enables subscribers to use the service from any type of handset by simply swapping out the SIM card.
Jamal Ramadan, vice president of MTN MENA, said: “Our cooperation with Gemalto and Fundamo has been an incredibly positive experience in terms of product quality, project management, and support in general. We look forward to our continued work with Gemalto and Fundamo. Collaboratively, we will bring new levels of innovation, security and convenience to both mature and emerging markets.”
Philippe Vallee, executive vice president of the telecommunications business unit at Gemalto, said: “Gemalto is proud to work with MTN MENA for the first SIM-based mobile banking solution in the MENA. Since our solution is compatible will all handsets, MTN MENA subscribers can immediately enjoy the convenience of transferring money when and where they want, with the security provided by the SIM card.”
Hannes van Rensburg, CEO of Fundamo, said: “Fundamo’s platform is built to evolve with the needs of mobile subscribers to deliver increasingly compelling, tailored and differentiated mobile financial services as the market matures.”
