Digital transformation could be a game-changer for the African continent, and FinTech is currently one of the main drivers of this technology revolution. The tremendous opportunity for digitally-driven financial services companies lies in the high proportion of unbanked citizens, the immense size and favorable demographics of the African population and the relatively limited state of technology.
Mobile payment solutions allow hundreds of millions of unbanked consumers to benefit from transacting online within their local context. Neobanking systems are designed to give financial companies access to automation, digitalization, and robust security, giving them ample opportunities to grow and innovate.
Addressing the industry demands, Velmie saw the opportunity to establish itself as a strategic technology partner to companies that want to take advantage of the disruption opportunities presented by open banking in Africa. We saw it as a market offering great potential, given the significant proportion of the population who don’t have access to affordable and secure payment services.
“There is a unique opportunity for Africa to become a world leader in FinTech, getting the most out of emerging technologies while greatly contributing to financial inclusion and innovation,” – Paul Shumsky, Head of Product.
We developed a white-label mobile banking solution that supports secure and straightforward ways of initiating payments. It also makes it possible for businesses of all kinds to create their financial ecosystems, establishing trust and closer relationships with their customers.
The main features of the Velmie mobile wallet platform, built on micro-services architecture, include:
- Secure two-factor authorization
- Interactive identity verification
- Advanced tiered KYC offers a built-in identity verification process supports multiple countries and clients
- Airtime purchases in unique digital currency specific to Africa
- Bill payments
- Peer-to-peer transfers with QR codes, address book and payment link transactions
- International remittances with multi-wallet and multi-currency features, augmented with instant currency conversion
- Branded payment cards
- Real-time money transfers and currency conversion
- Multiple currency support
- Real-time QR code payments
- Fast and convenient cash agent onboarding
- Online onboarding of merchants to support both online and in-store transactions
The platform integrates with a variety of payment platforms, including:
- African Payment Gateway
Velmie has been one of the first fintech innovators to introduce enterprise blockchain technology in the financial services industry. It has also successfully developed payment solutions for its clients. Recent projects include a nationwide payment system in North Africa, and clearance and custody solutions for banks.
These projects have given the company extensive experience in working with African digital financial service providers. As such, it has gained valuable regional-specific knowledge of the services most in-demand and the integration capabilities required for white-label mobile wallet platforms that cater to the African market.
Velmie builds digital banking products, peer-to-peer lending and microfinance solutions. In addition to these leading-edge software solutions, we give our clients access to a dedicated team of experts who can adapt and customize solutions, as well as integrate additional capabilities where needed.
The service level agreement (SLA) support we supply is comprehensive, with quick response and resolution turnaround times. Thus clients do not need to hire local support or engineering teams.
Velmie can deal with all conceivable kinds of customizations and custom development projects, whether it is a simple branding project or building in new platform features, we are ready to deploy dedicated teams to handle the tasks for our clients.
We have the necessary experience and expertise to enable your business to take full advantage of the immense potential offered in Africa. You can start with a white-label mobile wallet solution and build your digital bank from there.
The advantage of using white-label solutions to develop your FinTech offering is that you get immediate access to a cloud-based digital banking system, with all the functions you need to build an advanced and scalable solution. The technology platform we offer is highly scalable, secure, provides unlimited scope for customization, and offers end-to-end delivery.
FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business, positions its business in Nigeria for growth
Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.
FrieslandCampina WAMCO has completed the purchase of Nutricima’s dairy business in Nigeria. In March FrieslandCampina and PZ Cussons signed an agreement regarding the acquisition. Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.
Nutricima Limited (the “Company”) was founded in Nigeria in 2005 and has earned itself consumer awareness within the dairy industry since then. FrieslandCampina WAMCO has acquired the Company’s production facility in Ikorodu, Lagos State and the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready to drink milk products. These brands have a good presence across the Nigerian dairy market.
This acquisition underlines FrieslandCampina WAMCO’s continued commitment to contribute to the development of the Nigerian dairy sector. The acquisition satisfies the need for additional production capacity for FrieslandCampina WAMCO to meet the growing demand for locally produced evaporated and powdered milk by Nigerian consumers.
According to Roel van Neerbos, President of FrieslandCampina Consumer Dairy, “FrieslandCampina WAMCO has been a key player in Nigeria since 1954. With this acquisition, we demonstrate our strong commitment to Nigeria and its dairy market.”
Ben Langat, Managing Director of FrieslandCampina WAMCO Nigeria said “It is our mission to bring affordable and attainable quality dairy products to all Nigerians and meet the growing demand. That’s why we are pleased with this acquisition.”
Over the last few years, FrieslandCampina WAMCO has invested significantly in capital expenditure, including a new warehouse and a world-class Learning Academy to build capabilities across functions and to drive talent development. Recently, the company commissioned a state of the art plant for local production of Peak Yoghurt, which is directly linked to its highly successful dairy development programme; a major investment that has been at the center of Nigeria’s backward integration in local milk sourcing over the last decade with over 9000 local farmers spread across 5 States in Nigeria.
FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.
Having fulfilled all requirements including requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has commenced operations at the newly acquired plant.
Introducing FLAWP NIGHTS – The uncut stories of failures
FLAWP NIGHTS parades professionals sharing stories of the many failures they have encountered in the course of building their business.
Devland, a Product Management company will be starting an online series called FLAWP NIGHTS.
The word FLAWP is a combination of the words flop + flaw. It speaks of failures encountered in business based on wrong assumptions, epic mistakes in execution capable of crippling business ideas.
FLAWP NIGHTS comes with a unique approach towards failure. A perspective hinged on hope, people united, dispelling the myths around failure by sharing uncut, never been told stories of their ‘flawps’.
“Failure should not be an anchor that drags you to the ground, but rather, a spring board that propels you into success”.
FLAWP NIGHTS parades an impressive list of top Industry Professionals sharing un-cut stories around the many failures they have encountered in the course of building and running their business.
FLAWP NIGHTS boasts of an impressive list of professionals sharing their stories for the month of October, 2020 which include:
1. Obinna Ekezie – Founder, Wakanow.com
2. Michael Idah – Partner, Capstone Venture Partners
3. Ogbo Awoke Ogbo – CEO Transformation Hacks
The first session of FLAWP NIGHTS will air on Thursday, 1st of October 2020 at 8:00PM WAT on Facebook, Youtube & a select number of people will be able to contribute to the live sessions on Zoom.
FLAWP NIGHTS will have established professionals across Africa sharing their stories of failure as a way to change the narrative around failure, igniting a change that will ripple across the entire continent.
Register to get an invite that will grant you access to contribute during the live session via the registration link https://devland.com.ng/flawps/
Follow Devland Solutions on Instagram, Facebook & LinkedIn @devlandng for updates.
Remitano launches Mission, a new online job market for crypto lovers
Remitano introduces Missions, a simple, short-term task platform that anyone can do and get paid for.
Remitano, global P2P crypto exchange, has just launched a new online job market – Mission, the platform’s latest element in its push to realize its full potential and open a new window of employment opportunities to crypto users.
Missions are simple, short-term tasks that anyone can do and get paid for. For example, “Share a Remitano post on Facebook.” The new online job market will provide a range of ‘easy and quick apply’ jobs (mission) for crypto lovers wishing to have additional earnings. This way, applicants can skate through the application process and land jobs fast.
As of the August 2020 announcement, Remitano already released a set of guidelines for users looking to take advantage of the offerings. The guide includes:
- Highlights of the missions
- Steps to apply
- Application requirements
Complete a Mission and Get Instant Crypto
While the internet has become the most vital channel for personal recruiting, and people consider different aspects of a job to be fulfilling, some common elements include work-life balance, growth, and a strong work community. Remitano’s newest mission is geared towards promoting similar values and keeping like–minds meaningfully engaged with the crypto community.
Furthermore, Remitano is thrilled to collaborate with greenhorns interested in building along with it. Hence, if you’re new to cryptocurrency trading and wish to maximize your earnings or want a legitimate way to get instant crypto without purchasing it, you can create a free Remitano account, and join the mission for the next job on hand.
Why You Might Want to Join Remitano’s Mission
- A side job: If you’re looking to expand your income or even monetize your free time, missions are ready for the taking. You will be poised to earn extra cash by helping to present Remitano’s ideas across the internet.
- More remote flexibility: with more people working from home, having a practical and comfortable working space is more important than ever. Remitano encourages this by providing digitized work environments for its employees’ remote adaptability.
- Unlimited geography: missions are for everyone, no matter where they are. Job seekers can access available online jobs from anywhere and apply for roles they fit into.
- Streamlined application: applicants only need to prep and submit requisites and certificates, allowing you to walkover face-to-face interviews
- Instant credit of cryptocurrency: once a mission is completed, successful candidates will receive instant crypto remuneration to their Remitano wallets.
Remitano is a product of Babylons Solutions Limited based in Seychelles. As a fast-moving marketplace, Remitano’s purpose is to offer a robust, quality trading experience to all users. With necessary safety standards in place, buyers and sellers can come together, store, trade, and retrieve assets, thus minimizing challenges common to crypto exchanges.
Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.
Reach out to Remitano via: