Full Version Launched on Both iOS and Android Following Successful Beta Test
New Functions Including Retailer Voucher Cards, Educational and Exam Payments, Cable Television Subscriptions and Electricity Bill Payments
Integrated Visa Debit Card, Digital Wallet and Bill Pay Through Tingo Mobile’s
Visa Powered Merchant Services Aims to Transform Commerce and Trade Opportunities for Africa’s Farmers and SME Businesses
Following the completion of a successful beta test on Android, the TingoPay super app is now available as a full version on both iOS/Apple and Android, incorporating state-of-the-art security features such as two-factor authentication and biometric identification.
In response to feedback from the beta test program, the TingoPay User Interface (“UI”) and User Experience (“UX”) has been upgraded and improved, making it easier for users to navigate and manage their finances, make payments and access TingoPay’s full menu of value-added services.
The new full version of TingoPay incorporates an expanded range of features, building on the original offering that included an imbedded
In addition, the new TingoPay Super App can now interface with a significantly larger number of billers, including ten of Nigeria’s eleven electricity distribution companies, all of Nigeria’s major cable television companies, all of Nigeria’s major mobile telephone companies (for airtime and data top-ups and purchases) and the main educational exam boards in the country.
Tingo Mobile, the wholly owned subsidiary of Tingo and owner-operator of TingoPay, is currently developing a number of new features to add to the Super App as part of a rolling program of enhancements. Such new features include the addition of a wide range of insurance products, a travel booking platform, and a comprehensive retail marketplace.
As the Company diversifies into significant new markets through TingoPay, it is rolling out a wide-reaching marketing plan, which includes social media (#TheTinGoPay), influencer, SEO, and online promotions; radio and television campaigns; an out-of-home advertisement program, and; a range of activations, including the ‘TingoPay X SoundCity Campus Tour’.
“I am also thrilled to be deepening our relationship with global payment provider,
“I believe that TingoPay’s expanded range of features, value-added services and billing partners makes us one of the most comprehensive super-apps in the fast-growing African market and I am confident we will further strengthen our market-position, increase our brand awareness, and attract significant numbers of users through our ambitious rolling program of technological development and product enhancements.
“As we invest into the marketing and promotion of TingoPay and leverage on the strong reputation of Tingo Mobile we expect our expansion into substantial new target markets to deliver considerable revenues and contribution to the Company and become a major driver of future growth.”
Dozy Mmobuosi, Founder of Tingo Mobile and Chief Executive Officer of
“Through TingoPay, it is our goal to become a household name in
“As we strive towards delivering shareholder value and overcome the disconnect between our share price, I believe that TingoPay has huge potential to accelerate our growth and generate substantial revenue, earnings contribution and capital value.
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Disclaimer
The information in this news release includes certain information and statements about management and the Company’s board of director’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the
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