China-based phone maker, Transsion, says it will launch a mobile money wallet service in Kenya to allow customers to make payments to small businesses and retailers.
The company says the TECNO Wallet is built for its devices and integrated into the CAMON 19 series of phones.
It aims to build a digital and financial hub and lifestyle platform that aggregates products, services and merchants from across the market, allowing TECNO users to transact, access credit, and enjoy exclusive rewards and promotions as soon as they unbox their smartphones.
“Tecno will be available for download on selected existing device series and will come pre-installed on new Tecno smartphones, including the upcoming CAMON 19 series set to be unveiled in June 2022,” the company said in a statement.
“The wallet has pilot launched in Nigeria in May, and roll-out to Kenya in middle of June.
“The future launches will include Ghana, Tanzania, Uganda, Code d’Ivoire and Senegal in the second half of 2022.”
Key Features of TECNO Wallet
- A smarter way to pay – TECNO Wallet empowers every TECNO smartphone user to pay for anything, anywhere, conveniently and securely. The Wallet introduces a new integrated digital payment experience that makes the process of paying for data, airtime, bills, and shopping fast and reliable.
- Digital finance re-imagined – TECNO Wallet is the effortless way to go cashless. Consumers can use the Wallet to handle their everyday transactions such as paying for airtime and groceries at the tap of a button, as well as access innovative financial services, all on one super-app.
- All your money in one place – The Wallet helps consumers manage their finances in one place by connecting their existing cards and bank accounts to the app. Compatible major card schemes and financial institutions in the continent.
- Instant Credit – TECNO Wallet integrates a revolutionary digital Instant Credit service that enables its users to access a credit line in seconds and enjoy an interest-free period of up to 16 days powered by licensed financial institutions. Traditional requirements such as paperwork, guarantors or fees are eschewed in favour of a data science-based approach that will empower customers to quickly access credit and grow their limit based on their payment behaviour.
Brands under Transsion Holding – Tecno, Infinix, and itel – have been amongst the fastest growing entities in Kenya’s mobile phone segment market.
