MyGlobalPay Partners with Belcon International Group to Bring Mobile Banking Services to Nigeria and Ghana

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 10, 2011 -- Buea, Cameroon/Houston, TX – April 11, 2011: MyGlobalPay, Ltd, a leading provider of mobile banking, core banking, and other cutting-edge technologies to the financial sector in developing countries, and Belcon International Group of Companies, a Texas company that among other things supply prepaid cards to banks and corporations, today announced that they will create a joint venture to bring mobile banking services to Nigeria and Ghana.

“This is a very strategic deal that will enable MyGlobalPay enter the West African market,” said Professor Januarius Jingwa (JJ) Asongu, Founder and Chief Executive Officer of MyGlobalPay. “While MyGlobalPay has the mobile banking technology, Belcon International has extensive business contacts in Nigeria and Ghana. The synergy created by the joint ventures is expected to result in a win-win proposition for both companies.”

MyGlobalPay recently signed a deal with Atlanta-based TreasureCom Financial Holdings, Inc. (TreasureCom), which gives the former exclusive rights to provide its products and services to the entire African market. MyGlobalPay operating under a Master Agent agreement with TreasureCom will be able to offer a range of services that go from traditional cash pickups, deposit on bank accounts, to prepaid debit cards. The company has enhanced its service line up to include core microfinance banking solutions, mobile payments and mobile transfers using cell phones with text messages (SMS) technology. The new MyGlobalPay person to person banking and mobile transfer services will allow customers to perform micro-financial and branchless banking services, send and receive funds easily, securely using any mobile telephone within Africa. MyGlobalPay currently has operations in Cameroon, Kenya, and Zimbabwe, and is actively looking to enter other markets through partnerships or foreign direct investments (FDI).

“Belcon International Group is already a major player in the prepaid card business in West Africa,” said Mr. Fidelis Negbenebor, President and Chief Executive Officer of Belcon International Group. “One cannot be considered a major player in any business in Africa without having a foothold in Nigeria. We are proud to be part of this mobile banking revolution in Africa. Based on the experience in these two countries, we’ll consider moving to other markets such as South Africa.”

About MyGlobalPay: MyGlobalPay, Ltd, a subsidiary of the US-based Chartered Diversified Holdings Limited Liability Company, is a privately held company incorporated in Buea, Cameroon, and with strategic partners across the globe. Our solutions address the needs of modern day formal and informal financial institutions as well as the financial needs of other businesses and individuals. Our mobile and core banking solutions are enhanced with inbuilt unlimited customer database management, billing facilities, and KYC (know your customer) fundamentals. We are in compliance with Anti Money Laundering and Anti Terrorism Financing (AML-ATF) legislation. For more information on MyGlobalPay and the products and services it offers, visit us at www.myglobalpay.com or write to us at contact@myglobalpay.com. You may also call us at (237) 9841-7136.

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africa     Belcon International Group     Cameroon     ghana     Mobile Banking     mobile money     MyGlobalPay     nigeria