Telepin Powers New Etisalat Afghanistan mHawala Service
Today Etisalat Afghanistan commercially launched mHawala, its new Mobile Money Services platform and we are pleased to share that Telepin is providing the infrastructure for the service. The mHawala service is a full mobile financial services (MFS) offering that includes central bank cooperation, banking ecosystem participation, utility merchant involvement, and salary disbursement, which enables complete mobile banking capabilities and future cross-border money transfers.
Dr. Ali Asgharzadeh, Chief Commercial Officer-Enterprise at Etisalat explains, “Mobile density in Afghanistan is currently at 50 percent and is growing rapidly. However, 95 percent of Afghan’s do not have access to banking infrastructure. This unique market cross-section creates a need for the investment we are making in Telepin’s Cayman platform. We can now introduce a much-needed innovative service to the market with mHawala. We have chosen Telepin because the company is a key leader and innovator in the mobile money marketplace.”
Telepin’s Cayman Transaction platform plays a key operational role in the distribution and management of airtime, and will be extended with subscriber wallets for MFS services.
Etisalat Afghanistan is the first mobile network operator in Afghanistan to offer this entire range of Mobile Financial Services. Telepin MFS products provide mobile operators the ability to deliver robust financial services offering to their subscriber and merchant customers. Telepin’s software plugs seamlessly into existing mobile infrastructure, leveraging the investments already made in charging systems, replenishment systems, and value added service delivery platforms.