Via the partnership, RSwitch integrates microfinance institutions into the mobile financial services ecosystem powered by Venekas Luminus software. Daniel Barrientos, the RSwitch CEO said the partnership will help reduce the cost of electronic transactions.
RSwitch said the initiative will interlink financial institutions, creating an improved interface between banks, MFIs and mobile network operators in Rwanda, a development that will allow customers to transfer or receive money across institutions.
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