Freetown | 12 February 2023 | Vertex Media
The classical Greek Philosopher, Plato once said that “Necessity is the mother of invention.” An adage that connotes the nexus between challenges and solutions. From the past to the present day, humans are crippling with daily challenges. Among these challenges is the need to have an appreciable form of payment for products or services.
The payment system and mode of payment have evolved since man was created. From the barter system of payment, to banknotes/coins to cheques. Overtime, there’s a need to digitalize payments – creating a convenient, prompt and secured method of payment. Hence the introduction of credit cards facility and mobile money, which allow for the transfer of money and payments to be done within the pathways of a particular platform. For instance, with mobile money, you can send and receive money from customers of the same mobile company, but it’s difficult to do so to a customer of another network.
It’s always a challenge to pay for goods and services through digital means. A business owner will find it difficult to accept payments from diverse payment systems.
But with the introduction of Monime, digital payment has been made simple, convenient and secured. This new generation payment system has integrated the existing payment systems into one system called Monime. With Monime, a user can now make payments from any sources (like AfriMoney, Orange Money, credit card or bank account) with a single and acceptable interface.
This new cutting edge payment system was officially launched to the public on Friday, February 10, 2023 at the Monime head office, at 5 Hillside Bypass Road, Freetown, Sierra Leone. This auspicious occasion was well graced by partners, businesses, members of the public and the media.
Among those present were the CEO of Africell and AfriMoney, the Marketing Officer of Orange Money, representative from the Western Area Rural Council, etc.
A company statement gives an insight of this outstanding payment solution:
‘Monime, the fast-growing payment company, today announced the launch of Monime, the next-generation solution designed to revolutionise the payment industry. Monime offers a unique combination of advanced technology and user-friendly features that make it the go-to solution for individuals and businesses of all sizes.
Monime is designed to address the major pain points faced by businesses and provide them with a comprehensive solution for payment collection. It leverages cutting-edge technology to deliver unprecedented results and an exceptional user experience.
“We are thrilled to launch Monime, a game-changing solution for the payment industry,” said Sorieba Daffae, the CEO. “Our team has worked tirelessly to create a product that not only addresses the challenges faced by businesses but also provides a seamless and intuitive experience for individuals. We believe Monime will set a new standard for payment solutions and help our customers achieve their goals more efficiently and effectively”.
Monime allows for the seamless collection of payments from mobile wallets, credit cards and banks using a single interface. It also provides standard APIs and documentation for potential fintech and e-commerce solution providers to reduce their time to market. The product has already received positive feedback from early adopters, who have praised its ease of use, advanced technology, and outstanding results.
“We are confident that Monime will be a valuable asset for individuals and organisations,” added the CEO. “With its innovative features and user-friendly interface, it is poised to make a significant impact on the market and become the go-to solution for individuals and businesses”.
In his presentation, the CEO, Sorieba Daffae noted that the idea and planning to introduce Monime spans over 10 years. According to him, it took them so much time to bring it to life because they wanted to build something secured, simple and convenient, that can stand the test of time with advanced technology.
The CEO of Africell Shadi Gerjawi also pinpointed the need for a cashless economy, which his company has been working towards.
“We crave to have a cashless economy, and I’m happy there’s a company that wants to compliment our work.”
A representative from the Western Area Rural Council also noted the important role Monime is playing with the payment of taxes.
“Monime has ensured a seamless payment system for property tax at the Council. Before now, people find it very difficult and challenging to walk through the banks to make payments for property taxes”,
Alpha Shaw, a partner and developer at Monime also made a presentation on how the system works, demonstrating a user-friendly processes in creating a space/account, making payments, etc. This aspect will be covered in the next publication.
By Ibrahim Sorious Samura
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