MobiCash partners with Warid Congo for the launch of a Mobile Money solution in Congo (Brazzaville)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 15, 2012 -- Brazzaville, Republic of Congo, February 15, 2012: Warid Congo SA, the third largest telecommunication operator in Congo, today announced the launch of Warid Mobicash across its network in the Republic of Congo. This offering is based on the Mobile Money technology from Mobicash.

Warid MobiCash solution offers a refreshing approach to mobile payment that overcomes the challenges of cashless payment by using multi-factor authentication mechanisms (NSDT, fingerprint, NFC and Voice biometric) technology. The resulting mobile payment platform provides a powerful set of tools for efficient, effective, secure, and accessible mobile payment services.

Warid MobiCash customers can make secure cashless transactions. All phones can make payments using Warid MobiCash no matter what phone model or network operator. Due to its simplicity, Warid MobiCash mobile payment has wide appeal, is easy to deploy and open to everyone – there are no complicated software downloads necessary and no restrictions to enrolment.

P2P transfers alone, which typically end with a recipient converting e-money back to cash, are not enough to deliver on our vision of a cash-free ecosystem. Instead, Warid MobiCash position itself as “Much more than Money Transfer” and typically promote some combination of various services such as money transfer, airtime top-up, bill payments, and merchant payments. By doing so, Warid MobiCash provides consumers with options to use their electronic money rather than instantly converting it back into cash and can be termed as a “national payment instrument”.

Commenting on the launch, Mr. Michel Elame, CEO of Warid Congo S.A, said, “The launch of Warid Mobicash is a true revolution on the Congolese market; we believed in it, and we did it! This new service is open to all Congolese and accessible through any local mobile network operator. The launch of Warid Mobicash confirms yet again, the status of Warid Congo as an innovator. We believe that this new born will strengthen our brand as well as our position on the market. So, “Make it happen” will not just remain as a simple slogan, but a true vision of our company striving to satisfy the users by always offering them exciting innovative services”.

Speaking on the occasion, Mr Francis Okouele, Head of VAS of Warid Congo S.A, said, “Deploying the Warid Mobicash solution is a clear sign that Warid Congo intends to being the most innovative mobile phone network in Congo. Warid Mobicash opens up a world of financial transactions to the Congolese people. They can now, through their mobile phone, pay bills, buy airtime, and send/ receive money from all over the country, anytime they like, and regardless of their network operator. This is a unique innovative offering for the Congolese consumers”.

Mr Patrick Gordon, Group CEO of Mobicash, said, “MobiCash-Warid partnership is committed to providing innovative banking services in Congo that provide convenience and easy access to banking services. The banking system as we know it today is the most dividing and exclusive system in the society! Money should be identified to human right and dignity and transactions should be available to all citizens. For Warid and Mobicash Unserved doesn’t mean unservable and our partnership aim at extending financial services to all Congolese, thus deepening the financial sector”

About Warid Congo

WARID Congo S.A is a mobile network operator in the Republic of the Congo. It launched in Congo in early 2008, becoming the country’s third telecommunications operator. Warid Congo is an affiliate of Dhabi group that has diversified its business interests with a focus on emerging market opportunities in financial services, real estate and telecommunications. Warid Congo now has more than 400.000 active subscribers. The company offers a range of innovative services, including Warid Musik, Ezee chat, Warid Messenger, Warid World, to name a few. Warid Congo's goal is to provide an unequalled level and variety of communications services that add value to the lives of all Congolese.

About MobiCash

The MOBICASH Group of companies was formed in 2007 with the aim of developing affordable banking, switching and payment solutions for the African continent. Headquartered in Port-Louis, Mauritius, MobiCash was born out of the need to develop a convenient, secure, and affordable payment platform that will address the use of its technology to enable people who are not served by financial institutions to start using financial services without having to access them through traditional bank branches. MobiCash has already established a firm foothold in Africa and Asia has or is finalizing licenses, joint venture agreements with in country partners in Africa and the rest of the world with operational points of presence in the following locations: South Africa, Burundi, Botswana, Congo-Brazzaville, Uganda, Tanzania and Rwanda.

Media Contact
Warid Congo
Cedric Mouthombo, Brand and Co. Manager, Warid Congo S.A.
cedric.mouthombo@waridtel.cg
+242044005252

Mobicash
Patrick Gordon Ngabonziza, Group CEO, Mobicash
patrick@mobicash.co.za
+27843762255

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