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August 29, 2020
ALEXpay’s Co-Founder, Moses Kanduri wins 40 Under 40 Achievers Awards 2020, Telecom and Mobile Category
About 78 companies and individuals out of 127 have been shortlisted for the maiden edition of the NiBS Ghana Innovation Awards dubbed the Ultimate Industry Awards slated for 22nd November at Kempinski Hotel. Innovation is the lifeblood of a nation,........




August 29, 2020
ALEXpay’s Co-Founder, Moses Kanduri wins 40 Under 40 Achievers Awards 2020, Telecom and Mobile Category
About 78 companies and individuals out of 127 have been shortlisted for the maiden edition of the NiBS Ghana Innovation Awards dubbed the Ultimate Industry Awards slated for 22nd November at Kempinski Hotel. Innovation is the lifeblood of a nation, organization, and individual’s prosperity and success. It is the ultimate defining capability. The Ultimate Industry Awards is an annual comprehensive awards program that recognizes private and public sector organizations, teams, and individuals that demonstrate the core values of innovation in all its dimensions. The program provides a notable opportunity for high-performing individuals, groups, and organizations that develop innovative products, services, business models, and implement creative organizational initiatives to be acknowledged and celebrated for their achievements. The ultimate objective of the program is to build a national initiative for innovation through national recognition, dialogue, and knowledge building and sharing. The special Guest of Honour is the number two scholar in innovation and Marketing Management in the world, Prof. Kwaku Atuahene-Gima. Shortlisted individuals and organizations that made it via our vigorous awards process under the leadership of experience judges chaired by Prof. Kwaku Atuahene-Gima. The various organizations and individuals shortlisted includes but not limited to: Inlaks Limited, EAI Information Systems, Nutrifoods Ghana Limited, Smocky World Limited, TCL Electronics Ghana Limited, Nationwide Medical Insurance Limited, Eusbett Hotel, GNPC Foundation, Nyonkopa Cocoa Buying Limited, Agriaccess Barclays Bank of Ghana, Kingdom Exim Ghana Limited, Fueltrade Ltd, J K Ahiadome Transport & Company Limited, Kosmos Energy Ghana, Premier Health Insurance, Ghana Publishing Company Limited (GPCL), Volta River Authority, Polytanks (Gh) Ltd, Ashanti Foam Factory Limited. Others are Apex Health Insurance, Twellium Industrial Company Limited, Liranz Limited, NIIT Ghana, G7 Security Systems Limited, Alexpay Africa, MKCL Mining Limited, Charger Limited, Electroland Ghana Limited, Cosmopolitan Health Insurance, Stanbic bank Ghana Limited, Itrade Commercial Enterprise, Agricultural Development Bank, Sucryza Distributors Limited, Starlife Assurance, Cosmopolitan Health Insurance, Odotobri Rural Bank Limited, Atinka Media Village, Tv Africa Limited,Multimedia Limited, Bayport Savings And Loans Plc, Opportunity International Savings And Loans, Mponua Rural Bank, Adom Tv, Stallion Tiger Company Limited,KFC, Sunshine Healthcare Limited, Kasapreko Limited, Global Cargo and Commodities Limited, AsaaseGPS Limited, West Blue Consulting, Mamuadu Rural Bank, Benmarine Offshore Services Limited, Nungua Warehouse Limited, Security Warehouse limited, M&G Pharmaceuticals Limited, Pharmanova Limited, Ernest Chemists Limited, Girls with Purpose Foundation, Ecobank Ghana Limited, Gold Fields Ghana. University of Professional Studies, Accra, C & G Alaska limited, Papaye, Joe An Limited, Pan-African Saving And Loans, Royal Senchi, Allied Oil Company Limited, Anglo gold Ashanti, Eni Ghana Company Limited, Somotex Ghana limited, Standard Chartered Bank, kasapreko Company Limited, G4S, E-Crime Bureau, Enterprise Life, Media General, Dr. Agarwal Eye Hospital, Wolo, BAJ Freight and Logistics Ltd, Meet ‘n’ Eat etc. Individuals that were shortlisted includes: Prof. Abednego F.O Amartey- University of Professional Studies, Accra, Emmanuel Antwi-Darkwa- Volta River Authority, Hanan Abdul- Wahab- National Food Buffer Stock Company, Gertrude Kunde-Kwallinjam – Smocky World, Dr Emmanuel Bortey Borketey- Charger Limited, Samuel Akwei-Sekyere –MKCL Mining, Chris Chinebuah- Fuel Trade, James Koku Ahiadome- J. K Ahiadome Transport and Company Limited, Robert Mensah-Eusbett Hotel, David Boateng Asante – Ghana Publishing Company Limited (GPCL),Dr Emmanuel Bortey Borketey- Charger Limited, Mr Collins Otoo Okley- Nungua Warehouse Group of Companies, Ernest Bediako Sampong- Ernest Chemists, Mr Nicholas Bortey- Liranz Limited, Mr. Dhananjay Tripathi – Pharmanova, Valentina Mintah- West Blue consulting, Joe Mensah- Kosmos Energy, Anas Aremeyaw Anas, Bernard Avle and Dr George Donkor. The NiBS Ghana Innovation Awards is the climax of a broader event named the NiBS Ghana Innovation Summit, Exhibition and Awards comes off on Friday, 22nd November, 2019 at Kempinski Hotel from 8am to 10pm. The Summit begins at 8am with breakfast and ends at 11am whiles the awards night dinner and gala begins at 6pm and ends at 10pm. The exhibition runs from the summit time to the end of the awards night. The event is brought to you by Nobel international Business School (NiBS), a partner of the SBS Swiss Business School, and the International Foundation for Africa Innovation (iFAI), and powered Globe Productions, and Graphic Business.



September 17, 2020
New mobile money platform launched
The Allied exchange Africa, in collaboration with Global Tech Solutions has launched a platform that allows customers to transfer money from one mobile money account to another on a different network, with or without internet access. Dubbed ‘Alexpay’, the application…......



September 17, 2020
New mobile money platform launched
The Allied exchange Africa, in collaboration with Global Tech Solutions has launched a platform that allows customers to transfer money from one mobile money account to another on a different network, with or without internet access. Dubbed ‘Alexpay’, the application seeks to integrate the already existing various mobile money platforms, the traditional banking platforms and other pay networks across the country. The Chief Operating Officer (COO) of Allied Exchange Africa and Co-Founder of ALEXpay, Mr Moses Kanduri, at the launch said ALEXpay was a platform that would scale up the segmented telco-based mobile money platforms. He said it intends to do this by providing an integrated and secure avenue that would facilitate unified, reliable, affordable and easily accessible mobile money transactions in Ghana and across Africa. He emphasised that the initiative was not aimed at displacing or competing with the already existing mobile money networks or existing Fintechs but to complement them. He said although one can send money directly from the platform, it was also capable of sending money from one mobile money platform to another platform of different network, an approach which has not yet been achieved by the existing mobile money platforms. Mr Kanduri said users of ALEXpay could create a virtual mobile account that would allow inflow of deposits, transfers, credits and to pay bills at their convenience. The platform also permits the outflows of withdrawal, purchases and top-up credits. He explained that the platform also aims at integrating utility companies such as the Ghana Water Company and the Electricity Company to enable Ghanaians make payment of bills right from the comfort of their homes. The Chief Executive Officer of Global Tech Solutions, a leading payment solution provider in Brazil and a Co-Founder of ALEXpay, Mr Jacques Blinbaum, also assured customers of its commitment to bring more convenience in the payment systems in the country. {loadmodule mod_banners,Nativead1} “ALEXpay has got two components; the Unstructured Supplementary Service Data (USSD) and the app component. These components can be used on any mobile phone, either being a smartphone or a “yam” phone. The app can be downloaded free for all smart phone users,” he said. He said the application also had one unique feature which was known as ‘Alex jump’, which allows USSD users to skip steps in the transactions by using specific codes that have been provided on their website and other social media platforms.



September 17, 2020
ALEXpay Africa: The Game-changer For Africa’s Digital Financial Services
Accra, Ghana, July 16, 2020//-Africa’s enthusiastic efforts of becoming the hub for digital financial services (DFS) have been boosted by the meteoric penetration of smartphones, robust IT infrastructure, sound policies and growing middle-class Similarly, several vital elements have contributed to…......



September 17, 2020
ALEXpay Africa: The Game-changer For Africa’s Digital Financial Services
Accra, Ghana, July 16, 2020//-Africa’s enthusiastic efforts of becoming the hub for digital financial services (DFS) have been boosted by the meteoric penetration of smartphones, robust IT infrastructure, sound policies and growing middle-class Similarly, several vital elements have contributed to the shift to digital payments, notably good connectivity, budding financial technology (fintech) industry, growing financial infrastructure, and a continuously improving regulatory environment. Significantly, there is also a common recognition of the need to continue building an inclusive and responsible digital payments ecosystem on the continent. Doing so is driving financial inclusion, particularly for women, improve transparency of payments, and open up new markets for goods and services, which in turn support economic growth. Indeed, the launch and growth of digital financial services has led to an unprecedented increase in the number of people enjoying access to formal financial services, according to the ‘Digital Access: The Future of Financial Inclusion in Africa’, 2018 report. Today, Africa is home to more digital financial services deployments than any other region in the world, with almost half of the nearly 700 million individual users worldwide, it indicated. “Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighborhoods where no bank had ever established a branch”. Why ALEXpay Africa is the game-changer This is the void that ALEXpay Africa which is one of the fastest growing digital payment platforms that integrates all the segmented telco-based mobile money service platforms to provide a reliable national switch for all mobile money transactions in Ghana and in 12 countries, is in to fill. Its cross-network transaction capability and interconnect clearing interchange functionality enable it to provide a wide range of financial solutions including scaling up the mobile money service platform, integrating mobile money and traditional banking transactions, linking accounts to physical payment cards, assisting merchants with processing card based transactions, and accommodating foreign remittances. “In addition to ALEXpay’s payment capabilities, our platform is uniquely able to incorporate a wide range of billing services making the billing and collection process significantly more efficient and economical for our partners”, Chief Operating Officer and Co-Founder of ALEXpay Africa, Moses Kanduri, explained. All transactions are backed up with online financial and accounting tools that allow ALEXpay and its partners to control and record all transactions via an easy to use interface. “At ALEXpay, we are uniquely positioned to offer a single integrated platform for all fund transfer and billing service solutions. We are, therefore, able to provide our services efficiently and at the lowest costs to our customers”, he said. SERVICES Currently, both the ALEXpay USSD and Mobile App platforms support the following services listed below. Fund Transfer Through ALEXpay people can send and receive money across various mobile networks and multiple currencies across 12 countries in Africa, Brazil, United Arab Emirates, United Kingdom and USA. “Our industry partnerships facilitate cross-border payments which allow you to terminate international remittances directly to your MoMo wallet in the respective countries at competitive exchange rates”, Mr Kanduri further explained. You can count on ALEXpay to deliver secure, convenient and reliable mobile money transfer services across Africa and beyond”. Bill Payment This service allows customers to pay for goods and services in a fast, secure and convenient manner through the ALEXpay billing solution. Business owners, service providers, restaurant operators, school managers, among others can also integrate ALEXpay for your billing and collections. It is important to note that the company’s comprehensive backend reporting tools provides a range of accounting and reporting functionality for effective decision making. “Join us let us promote a cash-lite society through cashless transactions powered by ALEXpay billing and collection solution”. Request Money Additionally, family and friends can send money on-the-go through the ALEXpay request fund feature anytime they are broke, stranded or cash strapped. While service providers can also use the service to initiate payment for goods and services from customers. Mr Kanduri added: “It is fast and effective way to create an informal network of support for family and friends, by advancing money to members to be paid later. Businesses can improve customer relationship management and establish lasting transactional business relationships with clients”. Invoicing Customers are able to create invoices from easy-to-customize templates, send to payees with a QR code via email and receive payment directly to your MoMo wallet. They can also access our bulk invoicing feature to generate and bill multiple clients. “Take control of your business operations as we provide you the ability to effectively manage customer invoicing and collections. Our comprehensive backend accounting and reporting functionality enables you to track all invoices, payments and generate reports, among others” Facial Recognition The facial recognition service authenticates or approves transactions using physical faces on phone cameras in addition to the unique PIN associated with customers’ MoMo wallet. He stated: “With this, you can rest assured that your personal data and financial information are protected from third-party unauthorized access. In the midst of the current wave of mobile money fraud, the facial recognition feature is imperative to protecting the information of our customers. We are committed to delivering secure and reliable mobile money transaction and digital payments”. ALEXpay for Business Go beyond the basic functionality of sending and receiving money into your MoMo wallet. Customers can also use ALEXpay for business to invoice customers for goods and services, manage payments collected, track debtors and generate comprehensive reports to support decision making. The bulk fund disbursement tool allows businesses to pay salaries to their workers, or pay their suppliers efficiently. Overall, ALEXpay for Business enables service providers and businesses to manage the sales, invoicing, payments and reporting processes in a secure and seamless manner. Crowdfunding/Donations Instead of collecting contributions manually for a project or an event, use ALEXpay crowdfunding service. You can easily create a campaign for an event or project, and share privately (i.e. to only specific group of people) or publicly (i.e. to everyone) and receive donations directly to your MoMo wallet. Crowdfunding is designed to leverage social capital to serve Africa’s diverse communities and special needs. ALEXpay crowdfunding is perfect for social programs, religious collections, political fundraising, educational and medical support. Let us come together and support one another for a stronger and wealthier Africa. GhanaVote2020.com The focus of this project are in two folds: Firstly, this Project is intended to provide a platform for candidates to market themselves to the electorate and give them reason to support their campaigns via mobile money donations. Secondly for electorate to contribute to their candidates of choice and sign a social contract make it possible for their candidates of choice to be held accountable for promises they break. The ultimate goal will be to aid collect date to inform policy decision on funding for political parties – and promote accountability. Accessing the Service This service is available to all individuals, merchants, service providers and businesses with registered mobile numbers on any mobile network and a valid email address. ALEXpay can be accessed on the USSD platform by dialing *443#, or free downloadable Web and Mobile Apps for both Android and iOS devices or by visitingwww.alexpay.africa. Background Jacques Blinbaum, a New Yorker, and Moses Kaduri from Ghana are the founders of ALEXpay, the revolutionary payment platform designed to integrate the various mobile money platforms, the traditional banking network, and the proven Brazilian F2b billing-payment platform. The goal was to create a seamless payment and billing solution that would connect businesses and individuals irrespective of their existing financial services platform. In creating ALEXpay in 2017, they intended to integrate the functions of F2b and CelPog – Jacques inventions with a global market and an SMS based peer-to-peer payment system that also had the ability to track debts and allowed users to split expenses – in a way that is responsive to the particular needs of the African market. By Masahudu Ankiilu Kunateh, African Eye Report



September 14, 2020
AlexPay
AlexPay to Revolutionise Fintech Business — CEO Fintech company, AlexPay Africa, is on a record-breaking spree, with the introduction of new products and services that aim to take competition in the segmented telco-based payment ecosystem a notch higher. From its…......



September 14, 2020
AlexPay
AlexPay to Revolutionise Fintech Business — CEO
Fintech company, AlexPay Africa, is on a record-breaking spree, with the introduction of new products and services that aim to take competition in the segmented telco-based payment ecosystem a notch higher. From its pioneering facial recognition technology to enabling corporate clients make bulk payments through its mobile-based application, AlexPay hopes to realise its goal of



September 14, 2020
Alexpay: A Digital Wallet and Next Platform for the Startups to Compete
Small businesses are being the backbone of the economy in the modern world. As far as the American Dream is concerned, small businesses or startups are the biggest job creators. After the years of the financial crisis, the opportunity for…......



September 14, 2020
Alexpay: A Digital Wallet and Next Platform for the Startups to Compete
Small businesses are being the backbone of the economy in the modern world. As far as the American Dream is concerned, small businesses or startups are the biggest job creators. After the years of the financial crisis, the opportunity for businesses was bleak. But then the new rise of financial technology, or “FinTech,” appeared.
At the beginning of 2010, FinTech entrepreneurs identified the gaps in the small business lending market and transformed the customer experience for small business owners. Technology firms like Amazon, PayPal, and Square joined the market, and new opportunities for even more revolutionary products and services began to emerge. Banks also scrambled to catch up with the trends.
As digital wallets are frequently becoming the origination spot for customer spendings, they will in the future become THE platform for downstream financial services. This is like producing an opportunity for startups.
The Future of Digital Wallets:The cloud wallets are facing the existential difficulty of being caught, actually, in the midst. The most intelligent thing they can do is join themselves with a winning application wallet if they are losing in getting sufficient credentials on their own. The payment companies like Chase and Citi are in jeopardy of being condensed into irrelevance and have attached themselves to the winning application wallets like Amazon, Lyft, Starbucks, Uber, etc.
So what does this suggest for startups? Well, it will become more accessible to approach the most profitable part of the stack — lending — without getting into the enormous and impractical path of payments.
Digital wallets may eventually facilitate the long-sought “taste graph” to be built. All of this will demand the “top” of the stack open up — for Apple, Google, and other players to understand they are creating a financial platform, which is the most valuable when developers have access.
Given the size of the market, it is a mystery of when not if, this will occur. And once it does, it’s expected to be a game-changer for the banks that for decades have depended on branches and customer branding. Also, startups who will eventually discover themselves with a capital-efficient entry point for disrupting customer finance.
What is Alexpay?Alexpay is a platform launched by Allied Exchange Africa in collaboration with Global Tech Solutions to enable customers to transfer money from one mobile on a different network without using the internet. It is an integrated and secured avenue that aids unified, reliable, affordable and easy mobile money transfer across Ghana and the whole of Africa.
The main aim of Jacques Blinbaum from New York and Moses Kanduri from Ghana was to create a mobile platform to make sending money more affordable whilst sustaining the fast transfer speed and reliability. The mobile payment solution has been sketched to integrate the various mobile money platforms, the conventional banking network, and the established Brazilian F2b billing-payment platform.
The digital wallet aims to bridge the gap between sending and receiving money to and from loved ones. ALEXpay centers on joining friends and family in Ghana and across Africa by presenting a secure solution for day to day needs. Through this platform, the company is providing a workable solution to thousands of people in and around Ghana who have no or limited access when it comes to a bank account.
Features of Alexpay that you can add in your Mobile Wallets: Pay and Collect Bills:Alexpay allows businesses and customers with a simple and convenient way to make bill payments. The digital wallet allows paying for monthly subscriptions, mobile recharges and much more.
Transfer Funds:A good payment platform like Alexpay allows the deals with payments and receipts with ease of accessibility. The platform allows the transfer of money from one mobile money network (MTN) to other mobile money networks without any problems.
Integrate Bank Accounts:As there is a great disconnect between mobile money accounts and Bank accounts in Ghana, people are unable to transfer money between their bank accounts and mobile money account. Alexpay solves this issue by enabling the integration of bank accounts in the app itself.
Disburse Bulk funds:The customers can create virtual mobile money accounts to allow inflows- deposit, transfers, credits, billings, etc. and outflows like withdrawals, transfers, purchases, payments, etc.
All in all, Alexpay offers business, merchant, government and individual customers the chance to leverage digital payment systems over mobile networks, conventional banks and physical card providers for safe, comfortable and secure financial activities across Africa.
What does Coruscate offer you for your Mobile Wallet Development?We offer you with white label solutions having a QR-based payment option to make your transactions smooth and quick. Our mobile wallet can be utilized for payments while retail transactions and is profitable for your customers.
Features of our white label solution: Integrate the merchants into one platform to make their payment transactions smooth and convenient.QR code required to be scanned before appending someone and making the payments smooth and secure reducing the risks connected with the fraud. An admin module to manage the payment transactions of the users, merchants, and banks with the blockchain technology to implement better security. Secure third-party components: A secure third-party payment gateway integrated with the mobile wallet directly used to make the transaction from all banks. A unique QR-scanning code is integrated for each mobile wallet. Sturdy third-party equipment to generate QR codes. NFC or Near field communication used for offline payments.
Apart from these, some other exciting features are a rewarding system for your users and a budgeting tool to allow them to utilize the app in a fun way.
In a NutshellThere is no argument about the potential of mobile wallets and also that they are taking over the whole landscape. Also, with the advancement of technology, mobile wallet development has become more and more varied.
We can help you out with establishing a business model for your venture with mobile wallets. Connect with us for a free consultation session to discuss further mobile wallet development and ask for a free demo.