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Smartel Money launches mobile app

Lijeng Ranooe

SMARTEL Money has official launched their My Wallet application, a mobile money and payment transferrer service that uses modern information technology platforms.

In an interview with the Sunday Express, Smartel Money Head of Operations Sepholo Khabele said, “My Wallet is a mobile app that provides access to convenient and secure mobile financial services”.

“The core element of Smartel Money is to provide a simple and reliable payment system and provide credit to our customers while providing competitive prices around the clock anywhere in the globe.

His sentiments were echoed by Smartel Managing Director, Nchai Nchai who said their aim was to provide simple and easily available mobile payment services.

“The intention is to offer to individuals, institutions, organisations, industry and the government with a “fresh and innovative financial management system in this ever-changing world”.

Smartel Money or My Wallet TM   are financial technology products by Smartel Money Ltd. The company is a payments service provider allowing payments and money transfers to be made through the modern information technology platforms including the mobile and non-mobile platforms.

Mobile Money or electronic money is defined by the Mobile Money Guidelines issued in 2013 by the Central Bank of Lesotho (CBL) as a payment instrument that contains monetary value that is paid in advance by the user to the mobile money issuer.

The user of mobile money can make payments for goods and services to agents who accept the mobile money as payment.

“We aim to provide to individuals, institutions, organisations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.

“We also aim to improve the quality of cloud computing and interaction between computers and people to achieve their specific task; Smartel Money customer base comprises retail banking, individuals, insurance agents, retail grocery, retail clothing, retail cell phone services, utility services, ” Mr Nchai said.

Mr Nchai further indicated that the first phase of their operations entails registering customers and setting up agency networks. Deposits are expected to follow within the coming weeks.

By providing mobile payment services, savings and credit, monetary transfers in a way which is more convenient and affordable than conventional transacting alternatives, Smartel Money hopes to further simplify financial transacting and increase financial inclusion in the country.

For his part, the Head of Mobile Support, Ntholi Nkhatlo said they had developed the application to make it user friendly and it can be easily adapted to suit a variety of specific needs.

The company’s products include sPOS and smPOS.  These are acronyms for the Smartel Money Point of sales system and the Smartel Money Mobile point of sales systems respectively. These are the application systems that have access an access to the Smartel Money central engine for payments processing.

A customer can register through agents, participating outlets or online.


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