Krefeld -- June 9, 2008 -- Using a mobile phone from anywhere within the European Union to transfer money to Africa is now a reality. Crandy’s “Call & Pay” system has been inaugurated in Douala - Cameroon. It is implemented in partnership with Mobile Money Cameroon S.A, the service provider in Cameroon and UBC the depository bank. Short term projections see the system rolled-out in eight other countries in the region.
This banking service gives the possibility to all mobile telephone users to carry out money transfers without any prior registration. The transfer can be carried out from either a rechargeable card or a bank account. The person transferring the money does so through a call while the receiver informed by an SMS can simply go to the nearest UBC of FIFFA branch to cash his or her due.
The “Call & Pay” system is linked to Crandy’s telephone service which enables low price international mobile phone calls which is directly debited from Crandy’s account.
This flexible and highly secured system will be deployed, in the coming weeks, at a local level throughout the countries concerned so as to give as many subscribers as possible, the possibility of using Crandy as a mobile banking service and also as a means of making local payments.
In order to broaden its transfer possibilities, Crandy’s “cash in” system has already set up its technical platform so as to enable the banking world use its P2P technology for its Europe-based African customers.
About Crandy
Crandy is a product of NCS Mobile Payment Bank GmbH, a European market leader in the field of mobile banking, e-money management and mobile payment services. It has offices in Germany, France, Belgium, Denmark, the UK, Italy, Spain and Egypt and has already more than 400,000 subscribers.
Having launched its first system in Europe for money transfers by mobile phone (P2P) in 2004, Crandy has now extended its range of services to include the payment of private and municipal parking charges, the purchase of drinks at vending machines and low price tickets, the payment of all bills and purchases from the internet. Crandy collaborates closely across the world with the leading representatives of the sectors concerned.
Very user-friendly, Crandy provides a real mobile banking service for populations without bank account, and enables a large number of subscribers to enjoy the benefits of a mobile telephone, linked to a bank account. It works on all telephone systems, with all operators across the world and requires no prior registration and no specific application to download.
Contact: embiga@crandy.com
www.crandy.com
About Mobile Money
Mobile Money is an African company with share capital of F CFA 1,000,000,000 providing multi-channel electronic payment services (via telephones, mobile phones, smartcards, internet etc.). With the use of a telephone, mobile phone or a smartcard, people throughout Africa can now benefit from its wide array of services: money transfers, bill payment, purchase, Money Transfers and auxiliary services etc. Mobile Money operates a vast network of cooperatives and transfer institutions. Across the world, Mobile Money works in partnership with leaders in the e-money sector, thereby guaranteeing its clients a high quality of service.
Contact: info@mobilemoneysa.com
http://www.mobilemoneysa.com
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