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MTC Money continues despite objections

Mon, 12 May 2014 03:58
by Timoteus Shihepo
Business

Mobile Telecommunications (MTC) will continue spreading its new mobile money services, despite public criticism based on the fact that it is a non-financial institution running a financial product.
MTC and MobiPay partnered to imitate Kenya’s famous M-Pesa. As such, they signed an agreement with Oshakati Premier Electric (OPE) last week in testament of their commitment to the new service.
 Under this agreement, MobiPay, a super vendor for prepaid electricity, will provide vending options to the residents of Oshakati via its network and the MTC Money platform.
MobiPay executive chairman, Amos Shiyuka, says his company and the MTC Money concept is a complete electronic money issuer and mobile payment platform that can instantly turn any electronic devices or phones into a financial transaction mechanism.
“Mobile phone owners, retailers and other business owners can register for free with MobiPay, to make use of the services. Our people do not need to run from place to place looking for electricity anymore; they can now purchase electricity from the comfort and safety of their homes, or wherever they might find themselves,” he beams.
According to OPE CEO, Fillemon Nakashole, this partnership offers convenience, affordability and creates many vending opportunities for their customers.
“We strive to make our clients’ lives better by allowing them to buy electricity at their convenience, as well as assist them in saving on costs of transportation and time. The provision of this service comes at no extra cost to the them,” Nakashole says, adding, the partnership with MobiPay is in line with OPE’s mission, which is to provide customers with affordable and reliable electricity through effective and efficient service delivery while exceeding shareholders’ expectations, “caring for our employees and expanding our market-share”.
Shiyuka says providing adequate cash payment points for prepaid electricity can be challenging for most municipalities and REDS and that enough payment points must be provided to prevent long queues. He also emphasises payment points must be close to towns, homes and villages.
“Payment points must stay open beyond standard business hours. The high demands for adequate payment points do not only come from residents but also from Government, with guidelines, in terms of the minimum number of residents per payment point and the maximum distance from a house to a payment point,” Shiyuka explains.
Such challenges triggered the development of MobiPay’s electronic mobile phone-based vending system for prepaid electricity and other services.
“Although this concept has been used for selling prepaid airtime before, there are fundamental differences between selling airtime and electricity, the most important being the fact that while airtime can be sold off-line, electricity sales for many types of meters must be done online,” Shiyuka says.
Nakashole weighs in saying the Public Private Partnership (PPP) will be able to deliver their customers with an effective and efficient service.
“In addition, MobiPay is connected to the country’s network providers and during our customers’ travels; they will be at ease knowing they can buy electricity throughout Namibia”.