eMoney Solutions and Winstant Limited create Prosimus to service the African Market
eMoney Solutions and Winstant Limited create Prosimus to service the African MarketThe Prosimus joint venture, will develop and market digital finance products and services.
Since July 2019, the two companies have been working together to integrate their products to tailor them to African financial institutions.
In March 2020, delegations from both companies introduced their products to a dozen West African banks. Together, they responded to requests for proposals addressing digitization of KYC and instant global / local payment. The joint offerings are aimed in particular at the financial inclusion of unbanked populations and the ease of access for diasporas to transact at low cost.
The CEOs of eMoney Solutions Ltd and Winstant Limited have jointly decided to use their know-how in the development and operation of digital finance services as a joint venture or a “Groupement d’Intérêt Économique (GIE)”.
Prosimus, derived from the Latin verb Prodest, which can be translated as "useful" or "profitable". Its purpose will be to commercialize digital finance products and services.
About eMoney Solutions
eMoney Solutions is an African Fintech cooperation specialized in building and providing modern payment solutions. Through simple, secure and accessible solutions, eMoney’s solution aid the digitalization of payments to allow banks, telecom operators and merchants to increase the means of payment and to strengthen the financial inclusion of their customers. eMoney’s solutions include agency banking, money transfer, bill payment and service purchase solutions to support the development of banks in Africa.
WinstantPay was formed to provide a global network for instant settlement of payments in any currency, anywhere, and anytime. It has the power of SWIFT, Western Union, and Visa / Mastercard without the overhead, while still complying with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. WinstantPay brings Fintech and the traditional banking system together, enabling every person to make and receive instant payments and remittance, in any currency, including cryptocurrencies like Bitcoin, and Etherium (depending on local regulations). Furthermore, WinstantPay enables small banks and financial institutions, such as foreign exchange (FX) brokers facing challenges in finding correspondent banks, to offer currency exchange and global payment services. More on our website. Follow us on Linkedin, Twitter, Facebook, YouTube, Medium, Github, and Telegram.