Cash Application Universal (Cash Application), a technology company based in Zimbabwe, reportedly has released CAPU, a “Windows-based mobile money management software”[1] that allows users to manage their use of mobile money.
The software enables users to create accounts to monitor usage of wages and cash balances and to track mobile money transactions. In addition to being offered to commercial firms, according to a quote attributed to Marshall Mumbure, the managing director of Cash Application, “the software also comes in a personal package for use by individuals or small proprietary businesses”[1].
Additional information regarding the software, including its retail cost and the mobile money services the software is compatible with, is unavailable. Financial information for Cash Application is not publicly available.
Alíz Crowley, Research Associate
Sources and Additional Resources
[1] The Herald: Mobile money software released
MicroCapital, March 9, 2014, Reserve Bank of Zimbabwe (RBZ) Limits Exclusive Agreements Between Telecommunications Providers, Mobile Money Agents
MicroCapital, February 28, 2014, Trade Union “Mobile Money Transfer Agents Association of Zimbabwe” Formed
MicroCapital, April 16, 2013, First National Bank (FNB) of South Africa, OK Zimbabwe Introduce Mobile Money Transfer Corridor
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: Fintech Kacha Gets Regulator Approval to Roll Out Mobile Money App in Ethiopia
- MICROCAPITAL BRIEF: China Mobile’s Zong Unveils PayMax Payment Service in Pakistan
- MICROCAPITAL BRIEF: I&M Bank Enables Spenn Mobile App Users to Send Money to Financial Institutions Across Rwanda
- MICROFINANCE PAPER WRAP-UP: “Mobile Money, Interoperability and Financial Inclusion;” by Markus K Brunnermeier et al; published by National Bureau of Economic Research (NBER)
- MICROCAPITAL BRIEF: Axis Launches axisPay Mobile Money App for Small Businesses in Egypt