YellowPepper, a mobile financial services provider, and Fundamo, a
mobile banking platform, have partnered to launch, a mobile money
service in today announced the launch a suite of mobile money services
in Latin America called “YellowPepper Mony”. YellowPepper Mony will
provide mobile money transfers, mobile bill payments, and pre-paid
cell phone services to unbanked mobile subscribers.
YellowPepper, a leading provider of mobile financial services in Latin
America, today announced the launch of YellowPepper Mony, a
comprehensive mobile financial product for the unbanked. This product
was created as part of a strategic alliance with Fundamo, the world's
largest specialized mobile banking and payment software solution
provider.

YellowPepper Mony enables financial institutions and corporate clients
to deliver secure, convenient and easily accessible financial services
to consumers, such as mobile money transfers, international
remittances, mobile bill payments and pre-paid cell phone service.

In addition to YellowPepper's current ability to connect banks,
consumers and retailers through money transfers, bill payments, SMS
notifications, and pay-as-you-go mobile transactions, this new
offering will target the 80% of Latin American residents who currently
have a mobile phone and the vast numbers of consumers that are
currently unbanked.

The availability of YellowPepper Mony will facilitate the sharing of
mobile remittances into Latin America and the Caribbean, a market
currently worth $69.2 billion*.

YellowPepper Chief Executive Officer Rafael Russ stated, "Now, more
than ever, mobile financial solutions are critical to Latin America.
We chose to partner with Fundamo because it is the leading M-wallet
solutions provider, with more deployments than any other organization
in the world.

Together, we are creating solutions for residents of Latin America
that will improve their daily lives."
"The launch of YellowPepper Mony represents the first deployment of a
fundamental, transformational technology in Latin America, serving the
unbanked population," stated Fundamo Chief Executive Officer Hannes
Van Rensburg.

"This launch also signifies the collaboration between two strong
mobile financial services companies, striving to provide life-changing
mobile financial products to the people of Latin America."

With more than 1.5 million users, YellowPepper currently delivers
mobile solutions to Latin America's top financial institutions and
corporations. Established in 2000 and backed by strong venture capital
investors, Fundamo is a specialized mobile banking and payment
software solution provider.

The YellowPepper Mony service, created in partnership with Fundamo,
provides an easily integrated, open and inclusive platform for mobile
network operators, financial institutions, billers and retailers.

 

 

 

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