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FinTech

Ethiopia's BinGet selects Panamax for digital financial services

NEW YORK – Panamax has announced that it has been chosen as the digital financial services vendor by Ethiopian company, BinGet Group.

After achieving various milestones in his business BinGet founder and CEO, Biniyam Getu, plans to offer a new comprehensive digital financial service called Wallet Transact.

In order to develop an innovative and secure digital payment ecosystem for customers, the company has joined hands with Panamax for its two decades of experience and expertise in the fintech industry.

With Panamax’s digital financial solution, MobiFin Elite, Wallet Transact will be able to include diversified use cases to the digital payment platform including:

  • Mobile wallet (Cash-In, Cash-Out, P2P)

  • Airtime top-up and bill payment

  • Merchant payment

  • Remittance

  • Bank to wallet; wallet to bank

  • Contactless transport payments

    "We look forward to working with Panamax and to delivering an exceptional digital payment platform to our customers. We trust the expertise that Panamax brings to the table in developing an innovative and secure digital payment ecosystem," said Getu.

    "MobiFin Elite will be a catalyst in enabling Wallet Transact to provide a comprehensive and a secured digital wallet service to the customers of BinGet Group as well as the population of Ethiopia. We are looking forward to embarking this project with Wallet Transact and serve with our expertise in the field," added Panamax chief sales officer Parag Agarwal.

    Panamax is a global provider of fintech and telecom solutions. Its digital financial solution, MobiFin Elite, is a comprehensive and secured payment platform offering advanced digital financial services to banks, financial institutions, telecom operators, and e-wallet providers.

    The platform simplifies online transaction and drives financial inclusion while adhering to regulatory compliances across geographies.

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