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13 November 2017

Nigerian FinTech Amplify launches social media banking solution

Nigerian online payments provider Amplify has partnered with banks in the West African nation to let clients conduct transactions via WhatsApp, Facebook Messenger and other social messaging platforms through its innovative mTransfers solution. It will be launched before the end of 2017. Amplify helps businesses accept recurring payments online within minutes from customers in over 100 countries. It plans to bring banks closer to a new generation of social media-savvy clients and provide consumers with a more convenient way of banking. “Social and messaging apps are six of the 10 most popular mobile applications across platforms in Africa. We believe that vibrant and digitally savvy consumers want financial services to meet them where they are, in the channels and platforms they use,” said CEO Segun Adeyemi. “We have built mTransfers to empower banks and other financial institutions to blend their payment process into the everyday lives of their customers and provide an engaging user experience for them,” said Maxwell Obi, the startup’s chief technology officer.

10 November 2017

WATCH: ThisIsMe at Finance Indaba 2017

Fica specialist ThisIsMe stormed to victory at the first time of asking in the Innovative Banking category at the African FinTech Awards 2017, hosted at the Finance Indaba Africa at the Sandton Convention Centre in October. The FinTech firm, which has experienced exponential growth over the past year and has already surpassed the notable milestone of one million verifications, also claimed the overall title along with reigning champion Easy Equities.

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