Nomanini today announced that informal vendors and micro-entrepreneurs across Africa have made a million cash transactions using its tough terminal.
The South African-based mobile Point of Sale platform was created to enable cash transactions in emerging markets. It has proven popular for the distribution of mobile prepaid airtime and electricity with plans to enable other transactions, such as mobile money and collection of insurance premiums, in the works.
Its rugged point of sale terminals and highly scalable, cloud-based backend enable enterprises to efficiently distribute prepaid vouchers and facilitate micropayments, while creating a sustainable income for entrepreneurs in informal markets.
Nomanini was founded in 2010 and has seen phenomenal growth over the past four years, attracting investment from the likes of Esther Dyson, as well as two rounds of funding from the IDC ’s Technology Venture Capital Fund. It has signed partnerships in Kenya, Nigeria, Zambia and Mozambique with active terminals processing close over one million transactions in those regions, including South Africa.
Vahid Monadjem, CEO and co-founder of Nomanini says, “We’re incredibly proud of the work we’re doing in these markets. We could not have achieved this milestone without our vendors in South Africa and partners across the rest of the continent.”