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HomeNewsTanzania: Zain Telecom, Bank of Khartoum launch Sudan's first mobile money service

Tanzania: Zain Telecom, Bank of Khartoum launch Sudan’s first mobile money service

Sudan’s first mobile money service, called Hassa,is now operational thanks to cooperation between Bank of Khartoum and Zain Telecom, according to a news update from global telecoms monitor Pyramid Research.

Bank of Khartoum said the mobile money service is available to all registered Hassa mobile account customers in Sudan.

Using their phones, customers can carry out several financial transactions on the mobile money service, Bank of Khartoum’s automated teller machines (ATMs) or by visiting Hassa shops.

Services offered include cash deposits, transfers, withdrawals, payment of utility bills and airtime purchases.

“We believe that technology will allow us to increase the financial inclusion in an environment where only 15 percent of adult population is formally served with financial services; on the other hand mobile phone penetration is 75 percent,” said Bank of Khartoum chief executive officer Fadi Salim Al Faqih. “Hassa will provide easy, instant and convenient access to financial services through any mobile phone and improve lives.”

According to the official, the benefits of Hassa include provision of simplified fiscal operations as well as 24-hour services during and after official banking hours.

Zain Telecom’s Managing Director El Faithi Erwa remarked: “I’m delighted to be a part of next generation service called Hassa which came to reality after cooperation between Bank of Khartoum and Zain Telecom. The cooperation between both organisations has existed for many years and now is crowned by launching this unique service which will be a leap in the sector of electronic services.”

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