Nomanini scales West African footprint with Transaction Solutions partnership

22 JUNE 2015
Summary
South African-based portable Point of Sale (PoS) service provider Nomanini has announced it has signed an exclusive agreement with Transactions Solutions Ghana Limited (GSE: TRANSOL) to substantially scale numbers of its cloud-based PoS terminals in Ghana.

South African-based portable Point of Sale (PoS) service provider Nomanini has announced it has signed an exclusive agreement with Transactions Solutions Ghana Limited (GSE: TRANSOL) to substantially scale numbers of its cloud-based PoS terminals in Ghana. 

The partnership with TranSol signals Nomanini’s first scaled project commitment in West Africa, with the first batch of 100 pilot terminals having been deployed in January 2015, proving an instant hit with vendors. A second, larger shipment is due to arrive next month.

Nomanini already has partnerships in Kenya, Namibia, Zambia and Mozambique, with active terminals processing over five million transactions in those regions, including South Africa.

The TranSol deployment marks further involvement in West Africa for Nomanini, with chief commercial officer (CCO) Kuda Mushambi saying the company hopes to use it as a means of furthering its involvement in the region.

“Working with a listed company such as TranSol in Ghana is a great entry point for us into the West African region as a whole, and will allow us to more easily scale our product across not just Ghana and Nigeria, but also francophone Africa,” Mushambi said.

Mushambi also said this latest partnership, as well as those already signed in other countries, offered validation of the Nomanini platform in informal markets, and proved it was not just a product for the South African market.

“We are a proudly South African company, and have seen great uptake at home, but we really feel our terminals can assist informal retailers across the whole of Africa. That respected local firms like TranSol feel the same and want to deploy Nomanini terminals in countries like Ghana is really validating for us and spurs us on as we look to expand our coverage further.”

TranSol managing director Paul Jacquaye said the partnership with Nomanini would help his company cement its market leadership position by offering innovative ways for informal traders to receive payments.

“Our engagement with the mobile network operators indicates their strong desire to move to electronic recharge, a more economical and convenient way to sell PINs, and to gradually phase out scratch cards. Our new TranSol terminal is more suitable for deployment at informal locations including street vending,” he said.

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About Transaction Solutions (Ghana) Limited

TranSol is a 13 year old ICT company listed on the Ghana Stock Exchange. The company’s main businesses are the distribution of electronic prepaid vouchers, electronic bill payment, customer payment service provision and other related businesses.

Quotes
"Working with a listed company such as TranSol in Ghana is a great entry point for us into the West African region as a whole, and will allow us to more easily scale our product across not just Ghana and Nigeria, but also francophone Africa." Kuda Mushambi, CCO Nomanini
"This latest partnership, as well as those already signed in other countries, offered validation of the Nomanini platform in informal markets, and proved it was not just a product for the South African market" Kuda Mushambi, CCO Nomanini
"We are a proudly South African company, and have seen great uptake at home, but we really feel our terminals can assist informal retailers across the whole of Africa. That respected local firms like TranSol feel the same and want to deploy Nomanini terminals in countries like Ghana is really validating for us and spurs us on as we look to expand our coverage further." Kuda Mushambi, CCO Nomanini
"The partnership with Nomanini would help his company cement its market leadership position by offering innovative ways for informal traders to receive payment." Paul Jacquaye, TranSol MD
"Our engagement with the mobile network operators indicates their strong desire to move to electronic recharge, a more economical and convenient way to sell PINs, and to gradually phase out scratch cards. Our new TranSol terminal is more suitable for deployment at informal locations including street vending." Paul Jacquaye, TranSol MD
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About Nomanini

As the pioneering fintech platform for the informal retail ecosystem, Nomanini connects merchants and distributors to each other and global service providers, integrating payments, working capital, and data analytics to unlock the latent potential of Africa’s economy.

Nomanini turns any mobile device into a retail point-of-sale solution for informal merchants that is connected to an interoperable merchant wallet. The interoperable merchant wallet allows merchants to offer a broad range of digital banking (including cash-in/cash-out), mobile, utility and entertainment services to their customers boosting competitiveness. In turn, digital service providers rapidly increase the scale and reach of their offerings. By generating real-time insights based on transaction data, distributors using the platform gain a single view of their merchant network, ensuring inventory is where it is needed most to improve sales. Distributors can also begin to accept payments for goods electronically, eliminating the risk and inefficiency of collecting cash. With data analytics, Nomanini helps extend working capital loans to merchants via distributors allowing them to invest in inventory to grow their businesses. The increased volume of goods and services set against reduced operational friction increases the profits for all platform participants.

Nomanini was founded in 2010 and is headquartered in South Africa.

For more information, please visit https://www.nomanini.com

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