PayApp has launched DigiBanQ, the first digital-only, digital currency bank, built on cutting edge mobile-first web technology, integrating seamlessly into the customer's digital lives, both customers and merchants can register online or on a mobile device in 90 seconds flat without downloading anything.

PayApp DigibanQ offers everyday banking options via current and savings/deposits accounts, with the ability to be able to pay digitally direct from any internet enabled device, furthermore, customers will be able to make payments to anyone, anywhere, anytime simply by using a mobile number either on the web-app or via USSD.

With PayApp DigiBanQ there is no minimum balance requirement, no maintenance fees, and 0% transaction fees. A customer/Merchants account number is their mobile phone number, this is also used for customer authentication together with strict digital core infrastructure security, making the platform extremely secure.

Brian Dalton, a founder of PayApp DigiBanQ, said: “The launch of DigiBank marks an important step in the evolution of the global digital currency market. DigiBanQ’s currency “Nuggets” has been developed to be highly stable in stark contrast to the volatility of both fiat and all other digital currencies. The differentiation is that Nuggets is designed as a transactional currency and not as a speculative currency.

Contact details:

Brian Dalton, CEO
tel 012 994 4713
mobile 0840867895
email This email address is being protected from spambots. You need JavaScript enabled to view it.
webiste www.payapp.co.za

In 2016, global eCommerce sales are expected to reach just shy of $2 trillion; Africa represents only about 2% of this. What is driving the eCommerce environment in Africa however, is the continuing rise of mobile connectivity and the rapid development of FinTech products. Just over 80% of African adults do not have access to traditional banking, yet the continent boasts more than 220 million registered mobile money accounts. Tapping into this increasingly connected and tech-savvy market is the focal point for all eCommerce vendors.

From our findings at the 2nd eCommerce Africa Confex in February 2016 it was clear that the next step in our evolution would be to include a FinTech/mobile payments focus. Out of hours of discussion with numerous industry leaders, the eCommerce Africa Confex 2017, powered by Kinetic, will now incorporate Money Africa.

The rise of telecom-driven financial services has left many banks and financial institutions chasing the market. FinTech products are creating a cashless society, facilitating borderless transactions, and encouraging frictionless peer-to-peer financing.

In East Africa alone, over $3 million worth of transactions are expected to take place through FinTech platforms every hour, every day. The future of financial services and payments is geared towards customer service, driving loyalty, creating new revenue streams and services, and banking the informal trading sector.

Money Africa 2017 will examine how your existing business should align itself with this junction of mobile, retail and financial services, marketing capabilities, customer data and peripheral technology.

The eCommerce conference sessions will examine various aspects of development in the industry: how online and mobile retailers are capitalising on growth opportunities; how omni-channel retailers are moving into a digital space; where the consumer is driving their own experience; the realities and challenges of cross-border expansion; and overcoming fulfilment concerns and driving logistics in the real world. 

The Annual eCommerce Africa Confex, powered by Kinetic for a 3rd year, will again take place at the CTICC on 22-23 February 2017. For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.ecommerce-africa.com  

‘GROUND BREAKING’ MOBILE PAYMENTS ECOSYSTEM TO BOOST FINANCIAL INCLUSION IN SOUTH AFRICA

May 13, 2016 – WORLD ECONOMIC FORUM, KIGALI, RWANDA – In keeping with the concept of ‘Connecting Africa’s Resources through Digital Transformation’ at today’s World Economic Forum on Africa event in Kigali, Rwanda, Patrick Ngabonziza the Chairman and Founder of MobiCash announced a game-changing approach to financial inclusion in Africa.

MobiCash and Boloro are launching their ‘ground breaking’ mobile payments ecosystem in the townships of South Africa with Big Save Group, one of the largest wholesalers operating within South African townships and servicing tens of thousands of small scale spaza shops.  The MobiCash cashless platform brings ease of access for banking services and electronic payments to the South African population at large. MobiCash’s partnership with Boloro, a fast-growing mobile payments network brand, allows small scale retail businesses to offer secure, consumer friendly, handset agnostic, merchant initiated payments using MobiCash multi-factor biometric authentication together with Boloro’s secure pin authentication that uses Network Initiated USSD messaging.  This ground-breaking project is a first of its kind in South Africa.

"We are proud to collaborate with our partners to bring a holistic ecosystem that not only has the potential to boost small business but also has the potential to impact entire communities as we have seen in our home country Rwanda” said Patrick Ngabonziza.”

Big Save is rolling out MobiCash & Boloro across its thousands of spaza community members, accelerating financial inclusion and financial interoperability to formerly disenfranchised businesses and communities.

“Our challenge has always been cash replacement in a cost-effective way, and I am happy to see that Boloro South Africa with MobiCash have been able to devise a financial model and present an ecosystem network that we will be rolling out across our entire spaza member community,” said Johnny Jardim, Financial Director of the Big Save Group, “which I believe will positively impact not only the small business owner and their family but also the community that they serve.”

Boloro’s retail acceptance application of MobiCash’s digital money is the first step in the strategy to boost financial inclusion. Other acceptance applications such as conveniently paying for taxi fares and secure online payments will boost the payments ecosystem even faster.

“Delivering financial dignity to every human being is a personal goal,” said Ann Camarillo, co-founder, President & CEO of Boloro Global, “and I believe, with our partners, we can democratize financial access for disenfranchised communities, offer secure payments and resolve the pain-points associated with carrying cash.”

First roll-outs are expected this quarter with aggressive plans to ramp-up reach and impact over the next several months as more stakeholders join the ecosystem to offer financial services for the population at large.

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About MobiCash

MobiCash, headquartered in Hong Kong, is a cashless financial platform committed to bringing innovation, convenience and easy access to banking and payment services to everyone. This includes those not served by financial institutions regardless of their financial situation; thus, deepening the financial sector.

MobiCash has made tremendous effort in the financial digital space through offering its robust and dynamic mobile banking platform in 13 African countries including Rwanda, Uganda, Burundi, Kenya, Ghana, Tanzania, Cameroon, DRC, Malawi, Zambia, Zimbabwe, Botswana and South Africa. The MobiCash mobile banking platform is engineered and developed to harness and sustain the various economic elements that play a role in the supply chain delivery within key sectors such as education, agriculture, retail and commerce, travel and tourism, construction as well as fiscus focused solutions for tax collections.

MobiCash solution uses multi-factor authentication mechanisms such as; fingerprint, Near Field Communication (NFC) Cards and Voice biometric technology prior to authorizing any funds transfer. For more information, visit www.mobicashonline.com   

About Boloro

Boloro is a next-generation mobile payments network offering consumers the ability to securely pay for goods and services using any kind of mobile phone and any source of funds. Boloro replaces cash and offers financial services to the many unbanked in emerging markets thus accelerating financial inclusion and access. Boloro delivers financial dignity to the population at large.

Boloro South Africa is headquartered in Centurion, Gauteng and is extending the reach of consumer friendly mobile payments services in larger cities, townships and rural communities and onto the continent of Africa.

Boloro Global Limited is headquartered in New York City, Boloro operates in South Asia, Middle East and Africa and soon launching in Latin America, Caribbean and East Asia. For more information, visit www.boloro.com.  

Media Contacts:

Donald Mudenge This email address is being protected from spambots. You need JavaScript enabled to view it.                                                                    

Brian Mather This email address is being protected from spambots. You need JavaScript enabled to view it.