We are thrilled to formally announce our partnership with SycaPay. This partnership is exciting for us because it demonstrates how Be-Bound’s connectivity technology contributes to the mobile economy in general. Our first project together, known as SycaPOS, will take place in the Ivory Coast, in collaboration with another of our partners: Famoco. With the integration of Be-Bound, SycaPOS terminals will have connectivity everywhere, enabling mobile money transactions, even where there is no internet.
Since mobile money was first launched in 2001, the African continent has seen the fastest uptake in the world, and maintains a leading role in the share of active accounts worldwide. But the swift rise in mobile phone penetration and interest in mobile money is not without its setbacks. Problems with mobile connectivity and a lack of interoperability among operators are obstacles that are barring mobile money’s full adoption. SycaPOS solves these issues to make mobile money possible everywhere.