Fundamo signs collaboration agreement with Mosaic Software

As Fundamo is a leading banking and mobile commerce software company specialising in transactional banking and mobile payment solutions, its software has enjoyed a wide range of deployments in a number of countries in Africa with sizable customer bases and transactional volumes. The agreement, which formalises the synergistic relationship the companies have enjoyed over the past five years, will see the promotion by Fundamo of Postilion, the transaction processing software application that forms the cornerstone of Mosaic Softwares business, to customers that require payment processing capabilities and where it can be used to facilitate integration with existing banking infrastructures. Fundamo will package a version of its Extender product to provide a mobile front-end for Postilion users to deploy the mobile banking, payment and commerce capabilities of Extender in conjunction with their Postilion switches. Extender adds mobile payment and banking capabilities to existing banking systems or financial switches. It also makes it possible to deploy a variety of mobile commerce services in conjunction with existing bank infrastructures.