More NewsWaird Telecom and Obopay Launch Waird Pesa in Uganda

Waird Telecom and Obopay Launch Waird Pesa in Uganda

Obopay, a mobile banking and payment solution company, has partnered with Warid Telecom, an Abu Dhabi Group company, to launch a mobile banking and payment service, Warid Pesa, in Uganda. Launched in the wake of growing demand for mobile payments in Uganda, Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts.

Warid Pesa is based on Obopay’s interoperable mobile money solutions. The platform enables a comprehensive range of use cases that drive incremental transactions and revenue providing a bridge between new and existing payment technologies. The service enables new channels of distribution for offering financial services that are useful in areas with income disparity. It can be used on any device – even on inexpensive pre-paid mobile phones – and the graphic interface has been given a simple design so that anyone can access it easily.

“We understand that financial inclusion is the most important aspect in alleviating poverty in Uganda,” said Shailenrda Naidu, chief commercial officer (CCO), Warid Telecom, Uganda. “Warid Pesa is an attempt to establish innovative and convenient mobile money transfer and payments for those who don’t have access to banking service.”

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