Nomanini expands it’s Southern African operationsNomanini today announced the expansion of it’s Southern African operations after securing a partnership with a distributor of mobile prepaid in Mozambique. This expansion into their second international market reflects the company's continued African growth in facilitating cash-based transactions in informal markets and fostering economic inclusion for the unbanked and underbanked majority.
Nomanini expands operations into East AfricaThis month, Nomanini becomes an international enterprise services provider, securing a partnership with Bambakenya. Bambakenya is Nomanini's first international application, and as such, the partnership represents the beginning of an exciting new phase for this innovative technology company.
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.
Headquartered in Cape Town and founded in 2011, Nomanini has partnered with Standard Bank Group.
For more information, please visit https://www.nomanini.com