MICROCAPITAL BRIEF: Ingenico, Tagattitude Partner to Provide Mobile Money Services in Africa

Ingenico, a France-based electronic payment company that provides point of sale (POS) payment terminals and electronic payment technology, recently partnered with Tagattitude, a French electronic financial transactions company, to provide mobile money services in Africa. The partnership reportedly will combine Ingenico’s POS systems with TagPay, Tagattitude’s mobile money platform, to provide customers with branchless banking through mobile phones and POS terminals. Customers will have access to services including account management, money transfer, retail transactions, airtime top-up, salary disbursement services, e-commerce, bill payment services, automated teller machine (ATM) withdrawals and health and microfinance solutions. Further details about the service have not been released.

As of 2012, Ingenico reported total assets of USD 1.12 billion and operations in approximately 125 countries. As of the same year, Tagattitude operates in 21 countries. Financial information for Tagattitude is not available.

By Adrija Vaiciulionis, Research Associate

About Ingenico:
Ingenico SA is an electronic payment solutions company based in France that provides point of sale payment terminals and electronic payment and identification technology. As of 2012, Ingenico operates in approximately 125 countries and reported total assets of USD 1.12 billion.

About Tagattitude:
Tagattitude SA is a France-based mobile money software vendor that provides mobile money solutions for un-banked populations. Tagattitude’s Near Sound Data Transfer (NSDT) technology provides secure payment processing on mobile phones. NSDT powers Tagattitude’s TagPay mobile payment service for in-store and online payments and money transfer, airtime top-up, salary disbursement services, e-commerce, bill payment, automated teller machine (ATM) withdrawal and health and microfinance solutions applications. As of 2012, Tagattitude operates in 21 countries. Financial information for Tagattitude is not available.

Sources and Additional Resources:

Telecompaper Website, “Ingenico, Tagattitude Partner on Mobile Money in Africa,”
http://www.telecompaper.com/news/ingenico-tagattitude-partner-on-mobile-money-in-africa–966093#.UjAKlsYjz4s

MicroCapital Article, April 23, 2013, “MICROCAPITAL BRIEF: Ingenico of France Launches Mobile Biometric Identification Service, iWB Bio Series,”
https://www.microcapital.org/microcapital-brief-ingenico-of-france-launches-mobile-biometric-identification-service-iwb-bio-series/

MicroCapital Article, July 18, 2012, “MICROCAPITAL BRIEF: Ingenico Partners with Microfinance Institution Finada of Benin on Branchless Banking,”
https://www.microcapital.org/microcapital-brief-ingenico-partners-with-microfinance-institution-finada-of-benin-on-branchless-banking/

MicroCapital Universe Profile: Ingenico
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Ingenico

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