appsNmobile Solutions Integrates MoMo, Banking Services

Richard Bansah

APPSNMOBILE Solutions, a leading software developer in Ghana, says it is helping a lot of Ghanaian businesses to integrate their mobile money (MoMo) accounts to their bank accounts to make management of their finances easier.

In an interview with BUSINESS GUIDE recently, Richard Bansah, CEO of appsNmobile Solutions, noted, “Before long, we narrowed our company’s focus and became one of Ghana’s leading financial technology (fintech) companies. Now, we build, host and run application programming interfaces (APIs) that allow merchants and vendors to accept and send money from MoMo customers. This requires us to have a fast and stable infrastructure that protects each transaction with built-in security. IBM Cloud provides us with all of that and more”

“Our customers can use their mobile phones to access our servers any time. And with the increased resiliency, availability and interconnect speed of IBM Cloud Bare Metal Servers, we know our customers are getting the possible maximum output—24 hours a day, 7 days a week. In the first five months of 2020, our servers processed more than two million transactions,” Mr. Bansah indicated, adding “IBM Cloud also provides us with unmatched security and regulatory compliance. Our work is regulated by the Bank of Ghana (BoG) and the National Communications Authority of Ghana. We use unstructured supplementary services data, which comes with its own set of regulations, and we must also comply with ISO-27001 and PCI-DSS so that users have the option to pay using Visa or Mastercard.”

He said even though its IBM Cloud infrastructure operated reliably in the background, “we do occasionally have questions about our installation. The speedy and professional manner in which IBM handles those questions is a key differentiator for us among the many cloud providers out there. No matter how complex the question, we can count on IBM to get it answered as efficiently as possible and without any upcharges.”

Furthermore, he said, “Our customers come from virtually every industry in Ghana, including education, religion, finance, agriculture, mining, telecommunications, entertainment and government. In fact, we have developed a platform that agribusinesses—especially those involved in the purchase of cocoa from farmers—can use to pay for goods and services.”

A business desk report

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