MEC, Inc. announced today it has entered into agreements with pan-African
financial services group, United Bank for Africa
("UBA") Plc to provide a
revolutionary email-based billing, payment and banking software system called
"EmailMoni."
EmailMoni represents the world's latest fin-tech for cloud
banking and social payments, and is expected to transform the payments,
invoicing/billing and remittances landscape in Africa. The service
provides a convenient and highly accessible application with multiple ways to
transact that are instant, secure, and low cost.
EmailMoni enables people and businesses to securely send and
receive invoices and money electronically in real-time, using their mobile
phone or any web browser compatible device. Users can send and request and
receive money using the mobile phone app, Microsoft Outlook app, or any email
service. Money can also be securely requested and/or sent using Facebook app,
SMS text and other methods.
EmailMoni Apple iOS App and Android App can also interact with
point of sale (POS) systems, e-commerce for quick and secured payments online,
as well as card-less ATMs using Quick Response ("QR") Codes enabling
withdraws from the system at thousands of ATM locations.
EmailMoni will enable faster more efficient payments for UBA
customers who are billers, such as airtime, cable and utility companies.
Customers can also send and receive secure payments instantly and conveniently,
while non-bank customers will be able easily access UBA banking and payment
services.
"We are proud to open any frontier for e-payments in Africa
with EmailMoni. This conforms with our desire to continuously deliver
innovative and convenient payment options to our customers.
Our innovations in the
digital banking space have been possible because of our huge investments in
building efficient, trustworthy platforms. We assure our customers that we are
committed to continually bring the best in the financial technology space to
ensure they always have the best and most convenient banking experience with
all our service channels," said Yinka Adedeji, Divisional Head, Digital
Banking, UBA.
Ed Starrs, CEO of MEC commented: "EmailMoni will be
instrumental in the positive transformation of Africa to a digital banking
system and enable greater access to secure commerce.
EmailMoni focuses on the
banks' customers making sure they can access their money anywhere and anytime.
EmailMoni enables UBA's customers to communicate just like using email and pay
for all their transactions in one place. MEC along with our sales partner in
Africa, Centric Gateway, Nigeria, Limited, are committed to providing industry
leading technology and service to support UBA in meeting their e-payment
goals."
"EmailMoni, powered by
MEC, will be a fundamental change in the payment space in Africa," stated
Omoniyi Kolade, CEO of Centric Gateway. "The email-based payment platform
will enable our client UBA to deliver fundamental value in promoting cashless
and digital banking for their customers in their day to day transactions.
EmailMoni will remove hurdles being faced by customer transactions and maintain
speed, ease of use, along with security in between customer, retailers,
businesses, biller, e-commerce, etc. This is the first solution in the Nigeria
payment service industry that addresses customer payment affairs in a seamless
way."
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