Welcome!

Virtualization Authors: Elizabeth White, Vormetric Blog, Jason Bloomberg, Pat Romanski, Carmen Gonzalez

News Feed Item

Splash and MoreMagic Continue to Expand Mobile Money Ecosystem in Sierra Leone

Splash Mobile Money Limited ("Splash”) and MoreMagic Solutions (“MoreMagic”), a wholly owned subsidiary of Oberthur Technologies, announced today that they have expanded the Splash Mobile Money ecosystem in Sierra Leone to include DStv, the country’s leading satellite television provider, two additional commercial banks – Access Bank and Ecobank Microfinance – and the national network of nearly 50 rural banks set up by the United Nations International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture.

MoreMagic is the leading technology provider behind the Splash Mobile Money service. With MoreMagic’s platform, stakeholders are able to interconnect within a mobile commerce ecosystem to enable a secure service that is available to all mobile customers across Sierra Leone, irrespective of their service provider.

Splash is bringing greater convenience to more than 5,000 DStv customers who are now able to make payments for their satellite subscriptions direct from their mobile phones. Previously, customers had to queue up at a DStv agent location to pay for additional credit and then wait for their account to be updated. Now they can make these payments from anywhere using their mobile phones and their account is credited immediately. After this successful deployment in Sierra Leone, the parties involved are now exploring opportunities in other markets across Africa, where DStv boasts more than 4 million subscribers in over 40 countries.

Launched in 2009, after a successful pilot operation with MoreMagic which saw over 12,000 customers register for the service in less than 4 months, Splash operates across all mobile networks in Sierra Leone and aims to drive economic empowerment throughout the country by banking the unbanked, and bringing more convenience to the banked population as well as established businesses. The combination of Access, Ecobank and Splash’s original partner, Guaranty Trust Bank, represents a significant step towards achieving these goals. Also, the rural bank partnerships will allow Splash to extend its services to residents and workers in nearly 50 provincial areas with limited access to basic financial services.

In addition to DStv, Splash has attracted other business customers who have appreciated the value of Splash’s cross Mobile Operator model. One of the largest Micro Finance Institutions (MFIs) in Sierra Leone (with 20,000 borrowers) is using Splash for loan disbursements and repayments, and there are many more in the pipeline planning to start from early 2013. In addition, a juice processing factory that sources products from farmers all over the country is using Splash to make payments, and several multinational organisations including Oxfam, International Rescue Committee, Innovations for Poverty Action and UNDP have embraced Splash to make bulk transfers to field staff dispersed around the country.

“The continued expansion of the Splash ecosystem means a richer experience for our customers” said Daniel Osei-Antwi, MD, Splash Mobile Money Limited. “We are delighted that the flexibility of MoreMagic’s platform has not only allowed us to scale, but has also enabled us to expand our portfolio of services by introducing new stakeholders to our ecosystem. Many of these new partners and clients have large regional footprints that present a compelling opportunity for growth beyond Sierra Leone in the near future.”

“We’re delighted to be the technology provider behind Splash which represents one of the few examples of a Mobile Money service that is available to all mobile customers across a country, irrespective of their service provider” said Pankaj Gulati, CEO, MoreMagic. The fact that more than 40% of Splash P2P money transfers represent cross network transactions just reinforces the case for broadening ecosystems or encouraging interoperability which will benefit not only the consumers, but the mobile operators, banks and merchants” he added.

About MoreMagic, An Oberthur Technologies Company

MoreMagic is a wholly owned subsidiary of Oberthur Technologies and a leading provider of Mobile Money solutions for mobile operators, financial institutions and other service providers worldwide. MoreMagic’s flexible, customisable and scalable platform interconnects all the stakeholders within a mobile commerce ecosystem to enable the delivery of a comprehensive suite of secure services: cloud wallet, remote and proximity payments, top up, cross border value exchange, coupons and loyalty. MoreMagic has more than 30 active deployments and over 120 mobile operators across 60 countries with a total addressable market of over 1 billion mobile users are connected to its international recharge hub. For more information: www.moremagic.com

About Splash Mobile Money

Splash Mobile Money is a leading provider of mobile money transfer and payments services in Sierra Leone, where it has been in operation since 2009. The company operates across all three GSM networks in Sierra Leone (Africell, Airtel, Comium), and currently has approximately 90,000 registered users with more than $2 million of transactions being processed per month. These transactions include person-to-person money transfers, corporate payroll and other business disbursements, microfinance loan disbursements and repayments, retail point-of-sale purchases, airtime top-up, and remote payments for various bills and fees. For more information: www.splash-cash.com

About Oberthur Technologies

Oberthur Technologies is a world leader in the field of secure technologies: systems development, solutions and services for smart cards (payment cards, SIM cards, access cards, NFC…) and for secure identity documents, traditional and electronic (identity card, passport, health care card). Created in 1984, Oberthur Technologies employs over 6 000 employees. With 50 sales offices across 5 continents, Oberthur Technologies’ international network serves clients in 140 countries.

For more information: www.oberthur.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...