SuperCom, an Israel-based provider of digital identity solutions, has signed a memorandum of understanding with a major African mobile network operator (MNO) to develop a comprehensive mobile money solution.
SuperCom, which did disclose the name the MNO in its press release, said that the mobile wallet will be developed using its SuperPay technology.
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The solution will provide a range of services including cash deposits and withdrawals, money transfer, bill payments, account top ups and in-store payments.
The business model is based on revenue sharing between the Mobile Network Operator and SuperCom.
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