NEWS
Frost & Sullivan recognises
TerraPay for innovation in
sub-Saharan Africa
TerraPay, the world’s first mobile
payments switch, has received the
Frost & Sullivan Visionary Innovation
Leadership Award for international
remittances in sub-Saharan Africa.
The remittances market is relatively
underdeveloped in Africa due to
the high transaction fees and the
limited presence of mainstream
money transfer service providers
in rural areas.
TerraPay provides global transaction
processing, clearing and settlement
services for mobile wallets.
According to Ambar Sur, Founder
and CEO of TerraPay, “TerraPay has
interconnected several countries
across Europe to all major mobile
wallets in Tanzania and Nigeria and
is continuing global expansion at a
rapid rate.
This award further strengthens our
belief to provide millions of people
across the globe with an alternative
to a cash-based economy.”
Congratulating TerraPay on the
award, Fadzai Deda, Best Practices
Research Analyst at Frost & Sullivan,
said, “TerraPay transforms the
traditional remittance model by
absolving all administrative tasks for
its customers – offering an elegant
but simply designed platform that is
user agnostic for the value of many.”
The Frost & Sullivan Visionary
Leadership Award recognises
companies for their ability to deliver
highly competitive products and
Ambar Sur, Founder and CEO
of TerraPay
solutions that transform the way
individuals and businesses perform
their daily activities.
Avanza Solutions participates at Dot Finance
Africa in Rwanda
Avanza Solutions showcased its newly
launched line up of fintech products
at the Dot Finance Africa expo held in
Kigali, Rwanda.
The two-day event started off
with most of the notable banks
and fintech players showcasing their
ideas and solutions for the future of
industry in Africa. Avanza Solutions
showcased newly launched products
exhibiting artificial intelligence and
cognitive engines, including Impulse,
a cognitive platform; a blockchain
platform, Cipher and a suite of
omnichannel banking products.
Avanza’s Cipher solution has been
selected for a pilot programme
with the Dubai Government for
the implementation of a city-wide
blockchain payments platform.
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INTELLIGENTCIO
Managing Director and CMO Avanza
Solutions, Waqas Mirza also shared
his views on artificial intelligence bots
and cognitive platforms in a panel
discussion during the event.
He said, “Organisations today rely
a lot on their first interactions with
customers, these interactions create
the solid service foundation for that
organisation, any inconsistencies
in these interactions will determine
how your customers feel about your
brand service. AI bots and cognitive
platforms are the tools that can make
these interactions delightful. A bot
can quickly provide information, help
and detect dissonance to create a
more enriched experience for
the customer.”
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