Creova launches North Africa’s first mobile money service

mdinar

The new service is a mobile wallet called mdinar. It is deployed by Creova, a mobile money solution provider, through local service provider Viamobile in partnership with Banque Internationale Arabe de Tunisie (BIAT), ENDA Inter-Arabe (a regional microfinance institution) and Carrefour Tunisia. (view press release)

The mdinar service offers P2P mobile money transfer, mobile phone and wallet top-up and loan payment services. The service can be accessed via SMS, smartphone applications and the internet. Creova claims its technology is 17 times faster than standard Java servers and requires one eighth of the memory.

Creova CEO Ramzi El-Fekih says the company plans to “get a preferred position among early adopters and then integrate additional applications according to the needs of their customers.”

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