Mi-Pay, Isys launch mobile remittances service in Sudan
UK-based provider of mobile payments services Mi-Pay has partnered with Kuwait-based provider of services for MNOs and financial institutions Isys to launch a mobile money transfer service in Sudan.
Called Saraf-Mobile, the new platform delivers payments capabilities to companies and individuals using their mobile phones. The service allows users to send money to family and friends as well as make payments for various services. Sudan is the first phase in a planned roll-out which will cover 22 countries from the Middle East and North Africa.
Under the terms of the agreement, Mi-Pay is due to supply the open-system technical infrastructure including transaction clearance and settlement interface and also manage the regulatory framework, among others. Isys will commercialise Mi-Pay services and will provide local management and first line technical support as well as deal with local regulatory approvals. Isys currently has branch offices in Kuwait, UAE, Jordan, Egypt, Sudan and Nigeria. The deal comes soon after Mi-Pay recently opened its office in Dubai in a move to expand on the Middle East market.