Business News of Tuesday, 16 February 2010

Source: GNA

Vodafone introduces txtnpay

Accra, Feb 16, GNA - Vodafone on Tuesday signed an agreement with Afric Xpress (AX) to introduce txtnpay services which would allow Vodafone customers to purchase airtime anytime, anywhere via sms message to short code 1075.

The mobile phone-based secured and convenient payment system, created by New York-based Afric Xpress, would also enable registered users to send money to anyone with a mobile phone, pay utility bills, buy pre-paid airtime, check bank accounts and purchase goods and services. Mr. Nvalaye Korouma, Chief Executive Officer of Afric Xpress, who signed on behalf of his company, said the prospective users would have to register with any of the over 400 agents across the country and create an electronic wallet into which they would make a flexible deposit. "To open a txtnpay wallet one needs to fill the physical registration form and present a valid photo ID copy for verification and a text message with your registration details will be sent to your phone," he said. He said the approved agents of txtnpay were banks, internet cafes and other outlets that were already in partnership with AX to offer services, adding that these partners were carefully selected after a rigorous screening process.

Mr. Korouma said from early 2009, when AX started operations in Ghana, it had processed more than half a million transactions via its txtnpay platform, adding that the agents could confirm the security and efficiency of the system.

Mr. David Venn, CEO of Vodafone Ghana, said he was confident that the service was innovative and would ensure convenience and safety for its customers.

"Now when your credit finishes at even 02.00 hours in the morning you can send a text message to 1075 at the standard sms cost and receive credit on your phone instantly," he said. Afric xpress is an electronic payment solution provider focused on mobile payment systems particular in collaboration with telecom operators in Africa. Ghana is its first country of operation in Africa. 16 Feb. 10