Zambian airtime distributor StreetCred has secured an exclusive partnership with Nomanini — a South African-based mobile point of sale service that specialises in facilitating cash transactions in informal markets.
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The partnership will apparently see StreetCred encourage Zambian mobile operators and airtime distributors to join it in switching to Nomanini’s platform.
For the Zambian company, an association with Nomanini can only be beneficial. The South African PoS service has had a good run of funding rounds in the past couple of years. Most recently, it secured R4.8-million from the Industrial Development Corporation (IDC) to aid in its international expansion efforts.
Read more: Prepaid voucher business-in-a-box Nomanini raises series-A funding
The company’s portable, and rather colourful, PoS terminal gives is aimed at markets lacking in traditional infrastructure and allows merchants to sell airtime and electricity and process other cash based transactions.
At present, the system’s active terminals process a million cash transactions a month across South Africa, Namibia, Kenya and Mozambique.
“We have been working with StreetCred for the past nine months or so, trialing and increasing the number of PoS terminals,” says Nomanini CEO Vahid Monadjem, “and we are very pleased to enter into an exclusive partnership with them in Zambia.”
Read more: Nomanini takes its mobile prepaid POS device to Mozambique
“Since we started operating in Zambia, it has become clear that this is the best product on the market today,” says StreetCred founder Prince Nyati. “The fact that it is truly mobile and built to physically withstand the rough operating requirements of the African market has made it easy for us to deploy it in locations that were previously not accessible to electronic voucher distributors (EVDs)”.
“We are confident that this device will transform the airtime industry from a scratchcard-based market to an electronic one, and we are pleased to partner with Nomanini in its rollout in Zambia”.
If all goes according to plan, StreetCred and Nomanini will look to extend their partnership to include the distribution of prepaid electricity vouchers in the very near future.
“Our platform is highly customisable, and can be modified to facilitate just about any cash transaction, including prepaid electricity and water, microloans, and even bus ticketing”, says Monadjem.
