Warid Pesa Boosted By Top Mobile Bank Company

treat about it geneva; font-size: small;”>Together the companies are set to launch a mobile banking and payment service, sale Warid Pesa, cheapest in Uganda.

Launched in the wake of growing demand for mobile payments in Uganda, Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts.

“This could really propel the company toward really taking a lion’s share of the market in the very near future.”

According to a statement from both companies, Warid Pesa “provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts.”

The new development is likely to ruffle feathers in the telecom industry with Warid taking a lion share of Uganda’s mobile customer base.

Other companies offering mobile money services are MTN, UTL and Zain. However, MTN mobile network has of late been a menace to their customers.

MTN officials claim they have been overhauling their equipment.

Warid Pesa is based on Obopay’s proven open and interoperable mobile money solutions, which now support millions of customers globally for some of the world’s largest brands.


Obopay’s platform enables a comprehensive range of use cases that drive incremental transactions and revenue providing a bridge between new and existing payment technologies.

The service enables new channels of distribution for offering financial services that are useful in areas with income disparity. It can be used on any device – even on inexpensive pre-paid mobile phones – and the graphic interface has been given a simple design so that anyone can access it easily.

According to the statement, with Warid Pesa, customers can perform the following mobile money functions: Person-to-person mobile money transfer, person-to-merchant mobile money transfer and send money to anyone.

Others are change Personal Identity Number (PIN), request money, obtain a mini statement of the account, balance inquiry and top up prepaid cell phones for yourself or another person.

“We understand that financial inclusion is the most important aspect in alleviating poverty in Uganda,” said Shailenrda Naidu, Chief Commercial Officer, Warid Telecom, Uganda.

“Warid Pesa is an attempt to establish innovative and convenient mobile money transfer and payments for those who don’t have access to banking service.

“Obopay’s pioneering services have been received very well in other African countries. Our association with Obopay is an assurance that the people of Uganda are provided with the best possible service in the country,” added Naidu.

The government of Uganda recognizes that mobile banking and payments are major catalysts in the drive toward financial inclusion in Uganda. Through Warid Pesa, people of Uganda can avail themselves benefits of financial services that were until now inaccessible to a majority of the population.

“Warid Telecom is an important strategic partner for us and comes at the right time as we have been interested in venturing into the Ugandan market for some time,” said Deepak Chandnani, CEO, Obopay. “Our platform is ideally suited for the Uganda market. The service encompasses not only the needs of the consumer, but also is beneficial for retailers, agents and merchants.”

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