Mondia Pay, Mondia’s digital payment entity, announced it recently onboarded a series of new clients and is fast becoming the preferred digital payment solutions provider for telecom operators across Africa.
“The African operators we are talking to are all seeing an increase in payment purchases for digital services and they are keen to get ahead of the curve to capitalise on this opportunity,” said Mondia Pay founder-chief executive Simon Rahmann.
The Dubai-based digital payment provider Mondia Pay has initiated talks with local telecommunication operators, setting its eyes on the lucrative intra-Africa e-commerce business.
The firm, handling 1.3 billion accounts in 48 countries in partnership with 80 telco operators, said Kenya, Mozambique, Ethiopia, the Democratic Republic of Congo and Burkina Faso were its next investment destinations.
A leader in digital platform services, Mondia Pay enjoys partnerships with operators in South Africa, Botswana, Liberia, Madagascar, Tanzania, Sudan, Guinee, Nigeria, Ivory Coast and Senegal where it has partnered with telcos on billing integration, bundling deals, user engagement and subscriber acquisition services.
Mr Rahman said the expansion drive is informed by last year’s performance where it registered 5.3 billion transactions across its Africa business.
Mondia Pay’s success with African telcos can be attributed to the flexibility of its business model which caters to different operator requirements. Subscribers can access premium content, customise their bundle offers and select the payment options that work for them in a fast and secure environment.
“We are extremely pleased about Mondia Pay’s success in Africa as it reflects our experience working with over 80 telcos across the world and demonstrates our leadership credentials in the digital payment solutions space,” said Rahmann.
“Smartphone adoption in Sub-Saharan Africa is set to rise to 66% by 2025 (GSMA) which means that access to online services will continue to grow exponentially. The African operators we are talking to are all seeing an increase in payment purchases for digital services and they are keen to get ahead of the curve to capitalise on this opportunity.”