Telepin Software, a provider of mobile money transaction platforms, today announced that Etisalat Afghanistan has commercially launched mHawala, its new Mobile Money Services platform.
Telepin’s Cayman Transaction platform will be used by Etisalat Afghanistan for a full mobile financial services (MFS) offering that includes central bank cooperation, banking ecosystem participation, utility merchant involvement, and salary disbursement, which enables complete mobile banking capabilities and future cross-border money transfers.
“Mobile density in Afghanistan is currently at 50 percent and is growing rapidly. However, 95 percent of Afghan’s do not have access to banking infrastructure,” said Dr. Ali Asgharzadeh, Chief Commercial Officer-Enterprise. “This unique market cross-section creates a need for the investment we are making in Telepin’s Cayman platform. We can now introduce a much-needed innovative service to the market with mHawala. We have chosen Telepin because the company is a key leader and innovator in the mobile money marketplace.”
Telepin’s Cayman Transaction Platform plays a key operational role in the distribution and management of airtime, and will be extended with subscriber wallets for MFS services.
Etisalat Afghanistan is the first mobile network operator in Afghanistan to offer this entire range of Mobile Financial Services. Telepin MFS products provide mobile operators the ability to deliver robust financial services offering to their subscriber and merchant customers. Telepin’s software plugs seamlessly into existing mobile infrastructure, leveraging the investments already made in charging systems, replenishment systems, and value added service delivery platforms.
“We understand transactions better than any general value-added services infrastructure vendor and apply this knowledge to forward-thinking operators such at Etisalat Afghanistan,” said Telepin CEO Vincent Kadar. “Etisalat is responding to the needs of its customers, and is delivering a best-in-class mobile money solution that will extend value to its mobile subscribers, merchant networks, and ecosystem partners. We are pleased to deliver this innovative solution to the Afghan market with Etisalat.”