Johannesburg (It News Africa) — CLICKATELL and Fundamo, have partnered to deliver mobile banking solutions to financial services institutions to help fulfill what will become a US$5 billion opportunity in the next three years in Africa and other emerging markets.
“Research shows that a bank’s most profitable clients are those using mobile banking and we believe SMS is core to a bank’s portfolio of services. Leading banks are putting together mobile strategies all around the world,” commented Pieter de Villiers, Clickatell CEO.
“The combined capabilities of Fundamo and Clickatell support the requirements of financial institutions deploying immediate and long term mobile services. Our two companies understand the needs of banks who want to deploy today and grow their mobile service offerings into the future.”
On the other hand, Fundamo’s technology is used in one third of all mobile banking deployments globally and its customers include MTN, Celpay and Standard Bank.
Established in 2000 and backed by strong venture capital investors Fundamo is a specialized mobile banking and payment software solution provider. The company has established its leadership position based on a history of technical innovation and successful deployments with over 40 successful
deployments in over 30 countries.
By Mpendulo Ngwenya
