First Global Data to launch mobile wallet in Africa

Alpha Stox June 6, 2017 Comments Off
First Global Data to launch mobile wallet in Africa

Mr. Andre Itwaru reports

FIRST GLOBAL SIGNS AGREEMENT FOR MOBILE WALLET DEPLOYMENT IN 19 AFRICAN COUNTRIES

First Global Data Ltd. has entered into a strategic partnership agreement with ImpalaPay for mobile wallet deployment in Kenya and 18 other African countries.

ImpalaPay is a Kenyan-based payments company which has significant partnerships and reach across the African continent. ImpalaPay and First Global have partnered to white label the First Global mobile wallet and cross-border compliance platforms for a financial technology ecosystem and marketplace with domestic and cross-border payment and remittance services in 19 countries across Africa.

ImpalaPay has access to seven national payment switches in Africa, is in a partnership with Airtel Africa for access to 76 million subscribers and is in a universal agreement with UBA Bank, which provides licensing in 19 countries and to approximately 17 million account holders.

“This is a very important strategic relationship for First Global as we continue our strategy of global domestic deployments tied together through the First Global compliance hub to form the world’s first portable, interoperable mobile payment service,” said Andre Itwaru, chairman and chief executive officer of First Global.

About First Global Data Ltd.

First Global is an international financial services technology company. The company’s two main lines of business are mobile payments and cross-border payments. First Global’s proprietary leading-edge technology enables the convergence of compliant domestic and cross-border payments, shopping, peer-to-peer (P2P), business-to-consumer (B2C) and business-to-business (B2B) payments.

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