AppZone penetrates Ghana financial services industry
AppZone, Africa’s leading provider of home-grown banking and financial technology solutions has intensified its focus on improving financial services through its recent entry into the Ghanaian financial services industry and subsequent sign-up of six microfinance institutions on the BankOne fintech platform.
The six microfinance institutions that signed up on BankOne are AFB Ghana PLC, Boston Premier Microfinance Bank (MFB), Kenstep MFB, Natooa MFB, Q Capital MFB and Rapid Link MFB.
Mudiaga Umukoro, chief operating officer for BankOne, said; “Bankone aims at enabling the entire microfinance industry segment, within the continent, become highly competitive, achieve rapid growth, operate profitably, and make a significant economic impact across Africa”.
The acquisition of the partnerships with the six financial institutions in Ghana represents a bold step in our Africa wide expansion plan, complimenting the recent forays into Tanzania and Gambia.
We have started with these six banks in Ghana and hope to be live in 50 institutions by mid next year,” Umukoro said.
Emeka Emetarom, executive director, business operations and expansion at AppZone Group said: “BankOne has enabled AppZone’s financial inclusion focused clients in Nigeria very accurately determine their profitability position on a daily basis while delivery electronic channels for easier access to their customers; This unique value, we are very excited to bring to the Ghanaian market.”
The BankOne application boosts the reach and customer base of target financial institutions by leveraging alternative banking channels and integrating financial institutions to mainstream payment systems as well as interoperating with other industry players.
BankOne is a flagship product of AppZone, an Affiliate of South Africa’s foremost IT services group; Telkom, with Telkom holding a minority equity stake in AppZone which was acquired through its wholly owned subsidiary; Business Connexion in June 2014.
Jumoke Akiyode Lawanson
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