m-commerce

OROBO and OpenWay Power Cross-Border Money Transfers to West Africa

OROBO and OpenWay are to change how the cross-border remittances to West Africa look like.

OROBO and OpenWay are to change how the cross-border remittances to West Africa look like.

OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross-border remittance and bill-payments into Nigeria, Ghana, Kenya, Sierra Leone and supporting financial inclusion in West Africa. The WAY4 digital payments platform provided by OpenWay, a top- ranked digital payments software solution provider, will become the technological backbone of this innovative remittance service.

OROBO facilitates money transfers from the United States to Nigeria as well as bill payments for services within Nigeria via a simple app. With OROBO, Nigerians who work abroad can transfer funds to their families back home, more easily and cost-effectively than using traditional card-based bank transfers. Thanks to the direct connection with domestic payment schemes in Africa implemented on the WAY4 software platform, OROBO provides a last-mile service for remittance recipients, enabling them to access funds via Bank, ATMs and mobile agents locally.

The WAY4 system, comprising account and card management, merchant acquiring, financial switching and mobile wallet, will not only support OROBO’s day-to-day operations today. It also underpins its ambitious plans to expand into other African markets and grow from a remittance startup into a full- fledged transaction processing company. OROBO plans to scale its business as well as transaction volumes on WAY4, plus offer innovative services such as mobile wallets and mobile commerce in the future.

OROBO opted for OpenWay because of its expertise and reputation for technical excellence and uninterrupted 24/7 digital processing for multi-country, multi-currency payments. WAY4 solutions implemented on-premises or in the cloud provide online reconciliation, quick connectivity, data-rich reporting and enable new digital services such as tokenization, cash-by-code and online wallets.

"OROBO mission has always been using technology to solve the day-to-day challenges faced by the Africans and the Diasporas living outside the African continent, which they encounter when it comes to remittance and cross-border bill  payments, both at the personal and business levels. Our Partnership with OpenWay is a way forward to achieve the last miles of our vision as a leading African fin-tech innovation services provider in promoting efficiency and improving quality of life. This means Africa is moving forward in terms of payments technology."  – Chiedu Okeke, CEO, OROBO Inc.

“We are pleased that our technology will help people in West Africa receive transfers in a convenient way, and contribute to financial inclusion, economic growth and the development of fintech innovations in the region. I am convinced that the power and flexibility of the WAY4 solution along with its ability to support both traditional and innovative business models is what OROBO requires to move forward with their ambitious strategy.” – Wilfred Waiganjo, Regional Sales Manager – Africa, OpenWay.

 

About OROBO

OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross- border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa.

OROBO facilitates money transfers from the United States to Nigeria as well as bill payments for services within Nigeria via a simple app. With OROBO, Nigerians who work abroad can transfer funds to their families back home, more easily and cost-effectively than using traditional card-based bank transfers.

https://www.orobo.com

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OpenWay Expands the Boundaries of e-Commerce and Mobile Commerce

OpenWay, a recognised leader in software solutions for issuing and acquiring bankcards, payment processing, remote banking service and financial transaction routing, has certified WAY4 for acquiring American Express cards in e-commerce systems using the AmEx SafeKey technology.

Rapid growth in the volumes of e- and mobile commerce is an unquestionable international trend. Implementation of the AmEx SafeKey technology on OpenWay’s WAY4 platform is an innovation that will allow for free use of American Express cards in WAY4-based e- and mobile commerce systems and e-wallets. 

“We have a number of projects with American Express all over the world. A lot of key market players use AmEx products and WAY4 solutions. For instance, joint issuing and acquiring products have been implemented in Savings Bank of Russia, Kazkommertsbank in Kazakhstan, Luottokunta (Nets) processing company in Northern Europe, and Equity Bank in Kenya. OpenWay and AmEx’s plans for the nearest future include projects related to contactless payments using the AmEx expresspay technology and Customer Reward loyalty programme support,” comments Alain Vansnick, OpenWay’s business development director, EMEA. 

WAY4 solutions are certified by MasterCard, Visa, AMEX, Diners Club, JCB, CUP. OpenWay supports Verified by Visa, MasterCard SecureCode, AmEx SafeKey solutions based on 3-D Secure protocol.