PyxPay has announced a joint venture arrangement with Lamine Mbacke under which the payment solutions provider will provide mobile payment technology in Nigeria and other African economies.[blockquote right=”pull-right”]PyxLinks is seeking to provide technology for web-based and mobile banking solutions to companies seeking to satisfy remote area customers in African villages now benefiting from GSM coverage or internet connections, thereby tapping into the huge untapped market for financial services in Africa. [/blockquote]
The two parties formed Pyx Links Inc., a company based in Senegal, to serve the Africa and Middle Eastern emerging markets in mobile banking and its related technologies, according to a statement.
Maner Puyawan, CEO of PyxPay says that “in Africa, we now have a foot in the door, about the company’s new international venture. This opportunity for growth is made possible by our growing partnership with the African Institute of Islamic Finance – AIIF – Advisory and Training under the wings of its Founder and Director General, Mr. Mouhamadou Lamine Mbacke.”
PyxLinks is seeking to provide technology for web-based and mobile banking solutions to companies seeking to satisfy remote area customers in African villages now benefiting from GSM coverage or internet connections, thereby tapping into the huge untapped market for financial services in Africa.
According to Puyawan, “we have always envisioned PyxPay to globally share its technology through reputable companies and institutions, and through leaders and innovators. AIIF has our full trust, because they share the same fuel that keeps us moving – functional mobile technology for the people. Their tested expertise and vast network into the financial institution community is essential for our technology to penetrate the market. Africa, as a continent, has a low smartphone usage of only 15% with less network connectivity infrastructure. This current state of affairs holds a promise of growth to the industry, as the trend of the future is accessibility, information and mobility.”
PyxLinks is currently finalizing a roadmap for the projects in some African markets, including countries like Senegal, Nigeria and South Africa, the company adds.
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