Fundamo Targets Middle East with Xperteam Partnership

Fundamo, which provides mobile financial services, has enhanced its presence in the Middle East through a partnership with Xperteam, a telecommunications and banking consultancy.

Fundamo notes that with six existing clients in the Middle East, including Mode, the first company in the region to implement Mobile Money Transfer, and four deployments with network operator group MTN, it has already had significant success in the market. With the help of Xperteam, Fundamo says it will now be able to strengthen its position further by enhancing its local support and market expertise.

Xperteam will not only act as a reseller but will also work with Fundamo to implement the Fundamo Enterprise Mobile Financial Services Platform. To ensure quality of service, Xperteam’s staff have undertaken extensive training to achieve certification as a Fundamo systems integration partner. This will allow Xperteam to act as an extension of Fundamo and represent it fully in the Middle East.

“The Middle East is a strategic and highly important market for us,” says Reg Swart, senior vice president, Africa and Middle East, at Fundamo. “With 10 years’ experience in payment systems integration in this region, Xperteam is the perfect partner to help strengthen our position. We built a similar and successful relationship with regional business Access Group in Pakistan, and we look forward to replicating that achievement with Xperteam.”

Fundamo and Xperteam say they are already in advanced stages with a number of prospective customers in the Middle East.