Fundamo: One of the largest specialist mobile financial service providers in the world
Fundamo is a wholly owned subsidiary of Visa Inc. and one of the largest specialist providers of mobile financial services in the world.
Fundamo has built one of the worlds most advanced and sophisticated mobile financial service platforms. The platform has been deployed in more than 34 countries across Africa, Asia, and the Middle East, offering mobile financial services to unbanked and under-banked mobile subscribers including person-to-person payments, bill payments, wireless airtime top-up, and ticketing.
Working with clients and partners globally, Fundamo has played a major role in the development of the mobile financial services industry since 2000. Fundamo launched the world’s first mobile financial service in a developing economy with Celpay Zambia in 2002.
In June 2011 Fundamo was acquired by Visa Inc. for $110 million. The acquisition combines Visa’s global network scale, product suite, financial institution associations, and security with Fundamo’s capability in mobile financial services. The acquisition created a globally interoperable mobile payment platform that can connect existing mobile money services with Visa‘s global payment network.
Fundamo’s vision is for a truly connected mobile financial services ecosystem that acts as an agent of positive social, economic and technological change.
Fundamo is headquartered in Cape Town, South Africa.
- Country: South Africa
- Telephone: +27 (0) 21 917 0200
- Fax: +27 (0) 21 917 0299