SommaRedde Information

SommaRedde is a simple and convenient app based switch that allows any MPS user on any MPS platform to use their phone to pay for goods and services anywhere they need to, essentially turning their phone into a debit card. Able to operate on old functional USSD handsets and smartphones, SommaRedde provides consumers with the convenience of instant payments across all platforms. For merchants and retailers, the app provides access to a larger market, coupled with affordable fees, the security of eliminating cash, compliant and automatic accounting reports and a flexible and responsive payments partner to tap into an MPS market that has increased by 386% over four years. There are more than 250 mobile payment services operating in 89 countries. In December 2014 alone, mobile payment services transactions globally reached an aggregate of US$ 16.3 billion over of 717,2 million transactions. Today there are only six services globally that have interconnected with each other, and none have penetrated mainstream retail and logistics environments - but SommaRedde will. And for Africa, that means empowering growing economies without waiting for infrastructure; representing a new era of financial inclusion.