Broca Announces Mobile Banking and Payments Pilot in Africa

24 July 2008

Broca, the provider of secure advanced messaging technology, announces today that it has signed a pilot agreement with Telnet Nigeria Limited, a major IT solutions provider to the banking sector in Nigeria.

Under the terms of the partnership, Broca will provide a pilot service based on its flagship service Secure Advanced Messaging Service (SAMS) to Telnet Nigeria, which will then be offered to Telnet’s banking clients across Nigeria.

Broca’s innovative SAMS system offers an SMS messaging service which is totally secure, whether the message is in the handset or during transmission, allowing sensitive banking details to be sent across the network, verified and stored safely. The technology provides the end user with the comfort and convenience of secure mobile banking transactions.

Since SAMS, uniquely among advanced mobile banking applications, uses SMS as its bearer, it is ideal for rapidly developing economies in parts of the world such as Africa where SMS is universal and where availability of other technologies such as GPRS can be more limited.

Telnet Nigeria, founded in 1985, will trial the technology with a number of its banking and payment clients in Nigeria, with applications including airtime vending, cash transfers and satellite TV payments.

Commenting on the pilot partnership, Ian Price, Managing Director of Broca, said: “We are excited to sign a pilot agreement of this nature with a significant partner in Nigeria, offering us an important foothold in the African continent, where mobile commerce is growing at an impressive rate and which already has over 250m mobile subscribers. We are delighted to showcase the capability of our SAMS technology and look forward to developing a strong relationship with Telnet Nigeria and bringing new and improved services to the continent.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development