Bango, MMIT team up for m-payments in Sub-Saharan Africa

Tuesday 8 October 2013 10:59 CET | News

US mobile payments and analytics company Bango and mobile software development company Mobile Media Info Tech (MMIT) have jointly launched M-Ifl, a mobile payment service that enables online transactions for digital content in Sub-Saharan Africa.

The two companies have partnered to build M-Ifl, a billing mechanism and verification portal for digital wallets, in order to enable African customers to make mobile payments for apps, games and other smartphone content.

M-Ifl allows consumers with a mobile wallet account in Africa to pick their wallet provider as a payment option at the checkout page of a content site. The wallet holder enters their mobile wallet number for account verification and obtains the content.

M-Ifl acts as an intermediary between mobile merchants and mobile wallet providers. In near real-time, the tool queries the accounts of mobile wallet subscribers to determine if the subscriber has enough value in their wallet account to make a purchase. M-Ifl also enables those without a mobile wallet to buy content on app stores, using a top up card that can be bought in retail outlets, with codes to use at the checkout page of an app store or other merchant site.

M-Ifl is set to be available in a number of Sub-Saharan markets, such as Kenya and Nigeria, followed by Uganda, Tanzania, and Zambia. M-Ifl is already integrated with some of the mobile wallet providers in Africa, including Mobipay in Kenya, Stanbic IBTC Mobile Money in Nigeria and others.

Bango provides software which allows customers to make payments on their mobile phones which are then charged to their monthly phone bill. In other words, Bango allows users to place charges on their phone bills for purchases made directly from the mobile device, including tablets. Bangos mobile device billing is automatically authenticated through its partnerships with mobile carriers.

Mobile Media Info Tech is a mobile software development company which focuses on money transfer capabilities, mobile banking and mobile payment processes.

In recent news, Bango’s integration with Mozilla’s Firefox Marketplace has gone live.

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Keywords: Bango, Mobile Media Info Tech, M-Ifl, mobile payments, mobile wallet, Sub-Saharan Africa
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce