MoneyBoxAfrica (MBA) Limited was incorporated in 2007 in Nigeria with a vision to be the single largest enabler of mobile financial services in Africa. MBA leverages ubiquity of mobile phone and telecom networks to dramatically expand delivery of financial services (savings, payments, insurances and remittances) to primarily the unbanked and under-banked masses  in Nigeria.
                                                
Over half of Nigerian’s 140 million people live in rural areas and earn less than USD3 daily. Millions of nomads/poor Nigerians with mobile phones, lack safe, affordable ways to save, borrow, spend and send money.  Without these services, artisans, traders, transporters and students resort to risky, expensive, and inefficient methods of managing their money—travelling with cash over long distances, buying livestock to preserve value etc.

MBA’s all inclusive financial ecosystem transforms any mobile phone into an electronic wallet; enabling dealers at the remotest rural locations deliver financial services to rural dwellers with minimal start-up capital commitment.  MBA provides a simple savings and payment system based on scratch cards/ePINS and can be used on any mobile phone. Subscribers can purchase MoneyBox scratch cards from any MBA shop, authorized MBA dealser and remotely save money into their bank accounts (as easy as sending an SMS), pay bills, buy insurance and transfer money to anyone with a mobile phone or bank account at anytime.

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About PayBox.

Paybox solutions AG ("paybox") is the trendsetting company for mobile payment enterprise solutions. Founded in 1999, paybox was the first to launch mass-marketable mobile payment solutions in five European markets. paybox set up operator-led, national mobile Payment standards in Germany and in Austria. Recognized for having the broadest mobile Commerce offering worldwide, paybox enterprise solutions are deployed across Europe, North and South America, North Africa, the Middle East and Asia.

For more information on paybox, please visit www.paybox.net