South African electronic voucher distribution platform Nomanini has announced the expansion of operations into Mozambique after securing a partnership with a distributor in the country.
Last year, the company launched a small-scale pilot in Maputo and realised its point of sales (POS) solutions were working well in the country.
“Nomanini is pleased with the validation of our platform as a general payment platform applicable in multiple countries. We are looking forward to continuing our expansion across the continent, then across the world and into varied verticals such as electronic mobile money terminals, vending for prepaid electricity and cash collection for micro-loans,” said chief commercial officer (CCO) Kuda Mushambi.
The company said while many mobile money solutions are on the market, few have been successful on a large scale. It attributes this to the lack of understanding that cash is the most frequently used payment method in most companies.
“In some of the world’s largest emerging markets such as China, India, Brazil and Russia, over 95 per cent of all transactions are cash-based,” Nomanini said.
“We are thrilled to find partners in Mozambique. Their management team has decades of experience in prepaid distribution collectively. We look forward to learning from their experience. Their selection of Nomanini as their technology provider of choice is a great validation of our technology and approach,” said Nomanini chief executive officer (CEO) Vahid Monadjem.
HumanIPO reported last month the company had appointed Mushambi, an ex-Google United Kingdom (UK) manager as CCO after successfully securing B-funding from Seychelles-based Rockbridge Investment, enabling the company to expand its services across Africa.
