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Emergent has partnered with Ghana Water Company Limited to facilitate payments for its customers via their mobile phone.
GWCL customers can now dial *790# to pay water bill arrears at their convenience. A transaction will be recorded in a customer’s statement the instant it has been completed.As a dedicated USSD code that does not only facilitate convenient payments but also updates the record statement and balance of a customer instantly. This process also gives you easy access to the knowledge of your balance.
A delegation from the Central Bank of the Gambia visited Emergent Payments’ (Emergent) offices as part of a two-day mission to learn about successful FinTechs and their impact on financial inclusion in Ghana. This was a critical part of the delegation’s eventful four-day study trip to the country, organised by the Bank of Ghana.
Discussions focused on Village Savings & Loans Associations (VSLAs) and other group savings mechanisms.
Emergent’s Managing Director, Saqib Nazir commended the Central Bank of The Gambia for their proactive steps in boosting financial inclusion in The Gambia and offered Emergent’s full support in this regard. Mr. Nazir added that a core principle of Emergent is to develop business models that are commercially sustainable and at the same time have positive social impact in order to improve lives and build a better future for everyone.
Emergent Payments was a sponsor at the maiden edition of the Mobile Technology for Development Conference (MT4D) organised by the Ghana Chamber of Telecommunications and Financial Inclusion Forum Africa in Accra.
The conference held under the theme, “Leveraging mobile technology to drive financial inclusion” began on March 10 at the Kempinski Hotel and closed on March 11.
The event was attended by stakeholders in the payments ecosystem, including banks, electronic money issuers, Fintechs, policy makers, government agencies, and general enthusiasts in the country.
The aim was to convene these actors in order to facilitate networking, dialogue and leverage insights and perspectives to drive Ghana’s financial inclusion agenda.
Speaking on capital requirements for payment service providers during a panel discussion, the Managing Director of Emergent Payments, Mr. Saqib Nazir said: “There is a need for regulators to formulate policies to help startups grow to the levels of global players in the ecosystem.”
Mr. Nazir also called for stronger collaboration among stakeholders in the ecosystem.
A panel of judges selected fifteen businesses for the second cohort of the Orange Corners Acceleration Programme on 18th February 2020.
Orange Corners Ghana is an initiative of the Kingdom of the Netherlands in collaboration with MDF West Africa, the Ghana Innovation Hub and private sector partners to provide a business acceleration program for young Ghanaian entrepreneurs.
‘’Partnerships are key to economic development, and that is why we are contributing to the programme to support the creation of sustainable jobs by translating innovative business ideas into successful businesses,’’ remarked Emmanuel Newman who represented Emergent on the panel.
The inaugural businesses were inducted into the program last September and now are in the advanced stages of operations with a focus on market expansion, governance, financial management and building additional partnerships.
We are delighted to announce partnerships with the fourth and fifth FSPs on the Savings at the Frontier program which seeks to improve access to financial services for underserved people in rural and peri-urban communities.
This partnership is aimed at supporting both FSPs to meet the demand for financial services by members of Village Savings and Loans Associations (VSLAs) through the mobile phone. VSLA members will be onboarded to use Maximus, a USSD based savings group platform which interacts with all mobile money platforms operating in Ghana. We are currently testing the platform with VSLA groups in Agona, Kwesimintsim, Abusa, Sekondi, Axim, Accra among other towns.
To date, we have expanded access to thousands people who have previously not had access to essential financial services.
For more information, visit https://maximus.global
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