MoneyBoxAfrica is promoted by three Nigerian companies led by Integrated Capital Services Limited recently acquired from IBTC Chartered, Salt & Einstein Ltd (Business innovation firm) and M.I.S.S (Mobile financial solutions firm). MoneyBox's primary businesses is developing and deploying savings and payment solutions to mobilise Money by the creation of Nigeria's first all purpose electronic currency. MoneyBoxAfrica is developed and promoted in partnership with Interswitch and e-Tranzanct. MoneyBoxAfrica leverages an aggregator business model to create the largest financial services ecosystem using paybox’s trendsetting enterprise mobile technology connecting all banks to all telcos and a host of merchants and agents across the African continent. MoneyBoxAfrica’s open switching architecture allows it to connect to all switches that meet minimum international mobile switching standards. This model promises to leapfrog financial services penetration leveraging on the ubiquity of the mobile phone.
