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MMIT revolutionizing mobile payments in Africa
MMIT to bring international social network trading platform WhoTrades to Nigerian traders

London, UK, September 25th, 2015 – MMIT (Mobile Media Info Tech) is pleased to announce the introduction of international social network trader WhoTrades to Nigeria.

This service is the first of its kind in the competitive Nigerian mobile money and payment landscape and will allow mobile wallet users the ability to pay for trading on some of the world’s largest international financial markets.

WhoTrades acts as a social networking platform for people interested in connecting with and following other traders, as well as learning about, and trading on international financial markets. WhoTrades can be used on any device, including Android, IOS, and Windows, and provides users with access to the major world exchanges, including the NASDAQ, NYSE, and XETRA, and the world’s largest currency market, FOREX. Nigerian traders will be able participate in chain trades (mirroring the trades of a more experienced trader) and currency trades (the trading of foreign currencies through FOREX).

CEO of MMIT, Kim Fraser said: “MMIT is very excited about the partnership that has been forged with WhoTrades and we are proud to be leading the push to enhance the utility of mobile wallets, and extend its acceptance beyond the borders of Nigeria and Africa.”

Evgeny Zhilin, Head of Brokerage Department at WhoTrades:” We are thrilled to be entering the Nigerian market with the support of such a reliable partner as MMIT. We are confident that this cooperation will yield results in the near term, as it offers prospects for rolling out the goods services that we provide to traders all over the world.”

MMIT (Mobile Media Info Tech) is a mobile wallet payment processor who works with mobile wallet products and their providers across Sub-Sahara Africa, as well as international merchants. MMIT, through partnerships with international merchants, provides value added services for mobile wallet consumers and helps to increase usage and adoption rates of mobile wallets across the African continent.

About MMIT
MMIT, Mobile Media Info Tech, is a mobile payment processor with a mission to revolutionize mobile payment processes, money transfer capabilities, and mobile banking.
MMIT focuses on the Sub-Sahara African market, partners with large financial institutions in Africa as well as large international merchants, to provide value added services to mobile wallet providers and users. To learn more about MMIT please visit www.mmitonline.com.

MMIT Circle Logo
About WhoTrades
WhoTrades.com is a social network for traders from around the world to connect, learn and follow. WhoTrades platform promotes education, communication, blogging and networking among traders in the equity and forex markets. WhoTrades was launched in 2010 and its media interface presently exists in 21 languages. For more information please visit www.whotrades.com

Whotrades logo

MMIT in partnership with Firstmonie to bring streaming video provider SmartVOD Africa to Nigerian consumers

Lagos, Nigeria September 9th, 2015 – MMIT (Mobile Media Info Tech) in partnership with First Bank of Nigeria Limited and their mobile wallet product, Firstmonie, is pleased to announce the introduction of premium video on demand content provider SmartVOD Africa to Nigeria.

This service is the first of its kind in the competitive Nigerian mobile money and payment landscape and will allow Firstmonie’s 2.8 million mobile wallet users the ability to pay for the latest in Hollywood movies and TV shows through their mobile wallet.

The SmartVOD Africa app, available through the Google Play store, allows consumers to stream content directly on their mobile devices and tablets on 3G/4G networks and WiFi. With over 2000 movie and TV show titles in its library, the app includes new releases and popular TV shows. Users can pay for a 30 day subscription or pay for individual movie show titles and watch anytime, anywhere.

Noam Josephides, CEO of Vonetize and SmartVOD Africa said “We’re thrilled about this partnership that will allow the Nigerian consumer to access top-tier content across a wide array of categories through our SmartVOD offering. SmartVOD is committed to bringing the best content to users across 33 countries on the African continent, and our partnership with Firstmonie is going a long way to accomplish that goal”.

CEO of MMIT, Kim Fraser said: “MMIT is very excited about the launch of services with FirstBank’s mobile wallet. The ability to use an African based mobile wallet to transact with international merchants is a first in the alternative payments space, and MMIT is very proud to be working with First Bank of Nigeria on this initiative”.

Acting Head of Mobile Financial Services at FirstBank, Celestine Okobi, also asserted “the Bank is proud of this innovation, which is the first of its kind anywhere in the world”.

New users can register for the Firstmonie wallet by dialing *894# on their phone and the service is available on all the major network telecommunications operators including MTN Nigeria, Etisalat and Globacom. Not only can Firstmonie wallet users shop on international merchant sites, they can also use their mobile wallet to send money, pay bills, top up their phone airtime, and deposit and withdraw cash.

About MMIT
MMIT, Mobile Media Info Tech, is a mobile payment processor with a mission to revolutionize mobile payment processes, money transfer capabilities, and mobile banking.
MMIT focuses on the Sub-Sahara African market, partners with large financial institutions in Africa as well as large international merchants, to provide value added services to mobile wallet providers and users. To learn more about MMIT please visit http://www.mmitonline.com.

MMIT new logo
About Firstmonie
Firstmonie is the mobile money service of First Bank Nigeria Limited. http://www.firstbanknigeria.com Firstmonie’s *894# mobile wallet is an innovative product that enables customers to access financial and other value added services through their mobile phones. Their product caters to the high percentage of the unbanked population across Nigeria and Sub-Sahara Africa. For more information please visit http://www.firstmonieonline.com.

FirstMonie logo
About SmartVOD Africa
SmartVOD Africa is a premium video content provider who offers the newest Hollywood and Bollywood movies, as well as Hollywood TV shows through its app.
Available in over 33 countries on the African continent, the app can be purchased at the Google Play store and viewers have the ability to pay as they go for individual titles or to subscribe for 30 days with unlimited access to SmartVOD’s movie and TV library. For more information please visit http://site.vonetize.com/content-products/smartvod/

SmartVOD logo

Regulation of mobile money in Africa: 2 Be or not 2 Be? Examples from the Nigerian Market.