Mobipay’s awesome Virtual Wallet Technology experience

AT a time when more than 50 percent of the Namibian population struggles to utilise banking facilities, MobiPay, a mobile payment system has come to the rescue.

Founded by Aantu Investments of which former footballer and marketing executive, Amos Shiyuka is a major shareholder, the MobiPay concept seeks to financially empower Namibian people with the latest trends of finance and technology.

It is more than just a mobile phone monetary facility as it brings out money management tools that match the responsibility that comes with life, all in one place.

“MobiPay is the future and the power of technology is in the hands of the people and financial inclusion must be for all Namibians. Hence it is our duty to offer services to everyone at an affordable cost. We are 100 percent a Namibian company and we are here to provide reliable and secure services to each and every person that owns a mobile phone,” declares Shiyuka, the company director.

Besides valid identification, to open an account with MobiPay one requires a cell phone with any active sim card whose number will become the MobiPay account number.

The MobiPay account will be activated through the client’s cell phone. A secret pin code will be given to and or chosen by the Mobipay user to protect money from any unauthorised transactions.

Users deposit money into a MobiPay account at any of the company’s branches or agencies such as all Woermann Brock Supermarkets countrywide, to be able to transfer money or make a purchase.

“Currently, all Mobipay users can do purchasing at any Woermann Brock store country wide and can pay with their mobile phone. No more cash or cards are needed. We are also available at Pick & Pay Katutura and selected Spar supermarkets across the country,” says Shiyuka.

MobiPay has also seen a major boost from the advancement in mobile technology including the availability of 3G and 4G network locally.

Shiyuka says Namibia has been the torch bearer in creating technological advancements in the Southern African Development Community (SADC) and Mobipay has the capacity to continue this trend.

This, he believes, is the trend that MobiPay will maintain by making payment services accessible and convenient for the public, stimulating economic growth.

“People can transfer money, buy airtime and electricity, make point of sale payments at supermarkets or retailers and pay bills, all from your mobile phone,” says Shiyuka.

“You don’t have to own an expensive cell phone or be employed to make use of MobiPay,” adds Shiyuka.

“With MobiPay, the oldest cell phone gadget is equipped to transact and one only has to be a valid subscriber (prepaid or postpaid) with any of the three cell phone service providers in Namibia namely Leo, MTC, and the Switch network,” he says.

He adds that the MobiPay concept is user friendly and only requires a valid cell phone number which is also used as the subscribers’ account number with this new system.

MobiPay is also coiled around Government’s goal of improving Information Communication Technology (ICT) in line with Vision 2030 and the National Development Plans One, Two and Three.

MobiPay also provides payment services and processes financial transactions to the underdeveloped parts of the country.

“The mobile phone technology has, in these few years of its existence, demonstrated how financial inclusion can be leapfrogged, and we at MobiPay identified the needs of the under banked population of Namibia,” thus Shiyuka.

This concept also seeks to create convenience for the transacting public and reduces the problems faced by pensioners who have to travel long distances to access their money.

Since its inception in September 2010, MobiPay has provided the much needed easier financial service in Namibia and has been received with great interest by the general public.

“We currently have over 10, 000 account holders using MobiPay services on a daily basis,” says Shiyuka.

“The market has responded positively and has embraced this new technology. Like every other product, we need to take it one step every day and grow the market steadily as well as offer reliable, safe and affordable services,” says Shiyuka.

In a quest to bring this product to the doorstep of every Namibian, MobiPay is currently engaging a national campaign to strategically register and create partnerships with retailers, corporate businesses and other stakeholders.

“We seek to form a strong network in all corners of Namibia so that our clients can register, withdraw, deposit and do other functions at our branches or agents countrywide,” Shiyuka adds.

Shiyuka, formerly with mobile giants MTC and Trustco Group International, has vast experience in the ICT industry and is one of the few young Namibians to acquire a master’s degree in the Netherlands in Business Administration.

MobiPay presently has 24 skilled and qualified employees who are capable of quality service delivery.

The organisation is licensed by the Bank of Namibia which regulates its operations and their standards comply with the Payment Systems Management Act of the Republic of Namibia.

“MobiPay is not a bank that provides loans and other related services. It is a mobile payment service provider and the clients can currently only transact with monies that they have in their Mobipay accounts,” says Shiyuka.

Banks provide the traditional method of banking as well as credit facilities and other services and MobiPay provides services via the use of mobile phones. Clients have the power in the palm of their hands to transact through the use of mobile phones.

“I could refer to MobiPay as a payment service provider on steroids, because everyone with a mobile phone can make use of MobiPay and from wherever they might be.

Unlike the banks that can only accommodate a few selected markets in selected towns or with selected networks.

“MobiPay is indeed the future of technology and people should embrace it for it is definitely affordable, reliable and accessible to everyone,” concludes Shiyuka.

High interest rates and service charges by the few financial institutions in the country have restricted the majority of the population from accessing banking services which lead to the introduction of the new mobile payment system by a local company, MobiPay. PF