Feature Article

August 12, 2009

Fundamo, Clickatell Partner to Deliver Mobile Banking Solutions

Mobile services providers Clickatell and Fundamo have reportedly partnered to deliver mobile banking solutions to financial services institutions to help fulfill what will become a $5 billion opportunity in the next three years, according to McKinsey & Company.

Clickatell and Fundamo have extensive experience in mobile banking, mobile wallet, and mobile money transfer services to financial services institutions and mobile network operators.

Fundamo's technology is used in one third of all mobile banking deployments globally and its customers include MTN, Celpay and Standard Bank.

Clickatell works with institutions like First National Bank, Standard Bank, MoneyGram, Capitec, Nedbank, Moneybookers, New Heights Microfinance Bank, and others.

"Research shows that a bank's most profitable clients are those using mobile banking and we believe SMS is core to a bank's portfolio of services. Leading banks are putting together mobile strategies all around the world," said Pieter de Villiers, Clickatell CEO.

Pieter said that the combined capabilities of Fundamo and Clickatell support the requirements of financial institutions deploying immediate and long term mobile services.

He said that the two companies understand the needs of banks who want to deploy today and grow their mobile service offerings into the future.

"Fundamo envisages a future in which innovative technology and business models bridge the divide between the developed and developing, the digital and physical, and the mobile and financial worlds. Our ultimate goal is to deliver secure access to high quality financial services that have the potential to improve quality of life for everyone," said Hannes van Rensburg, Fundamo CEO.

Hannes said that Fundamo and Clickatell share a commitment to deliver innovative and cost-effective mobile financial services founded upon unrivalled experience in deploying these services in developed and developing markets.

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Anil Sharma is a contributing editor for MobilityTechzone. To read more of Anil’s articles, please visit his columnist page.

Edited by Patrick Barnard

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