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Botswana Telecommunications Corporation Limited (BTC) has revamped and introduced SMEGA, its mobile money service. SMEGA now works on Comviva’s mobiquity Money platform, one of the world’s largest white-labeled mobile money platform. SMEGA offers consumers a quick, convenient and secure way to perform financial transactions from the comfort of their homes or on the go.
SMEGA provides a one-stop-shop for multiple financial transactions such as person to person money transfer, airtime and data purchase, prepaid electricity purchase, water bill payment, BTC postpaid bill payment and salary payment.
Edward Wicks, Chief Commercial Officer, BTC said, “We are delighted to offer SMEGA which is delivered through the Comviva mobile money platform. SMEGA is focused on enabling access to financial services to improve people’s lives and positively contribute towards the economy by accelerating financial inclusion and economic development. We also trust that our customers across the country will find it easy, fast and a more convenient means of transferring money, making payments and doing other financial transactions.”
SMEGA has been designed as an inclusive service. With SMEGA, customers will be able to send money to other SMEGA users as well as to non-registered individuals who will receive a passcode which can be used to cash-out money at BTC outlets.
Sthe service is not only for individuals but for businesses also; businesses can leverage SMEGA’s bulk payment feature to pay salaries and allowances to their staff and reduce the cost and paperwork required for cash and cheque payments.
A unique feature offered by SMEGA is Motshelo Club, which is built on group savings culture of Botswana. Motshelo Club allows several people to contribute to a group savings wallet and use the money on rotational basis in good and bad times. BTC is the first mobile operator in the country to provide a digital Motshelo Club service.
Anil Krishnan, Head of Africa Region at Comviva, said “Mobile phones today are not just communication devices; they have become a holistic channel for digital lifestyle. Comviva is making this reality through its mobiquity® Money platform that enables service providers to provide digital financial services to consumers through mobile phones. In Botswana, we are carrying forward this revolution with BTC through their SMEGA services that delivers a seamless and secure financial service on mobile to financially underserved consumers.”