Atlantique Telecom has reportedly introduced the ‘Flooz’-branded electronic money transfer service for its Gabonese unit, Moov. According to online journal GabonLibre.com, the service was unveiled by director general Abdoulaye Cisse on Friday. Regional financial institution Orabank will act as the cellco’s partner, ensuring the security of all money transfers.
The Flooz service, previously launched over the networks of Moov’s sister companies in Benin, Cote d’Ivoire, Niger and Togo, provides mobile functions including payment for goods and services, money transfers, deposits and withdrawals to/from virtual bank accounts, other account management functions and mobile phone credit top-ups.
According to GabonLibre, the banking rate within the west African country currently stands at just 7%; by contrast, according to TeleGeography’s GlobalComms Database, the mobile penetration rate in Gabon stood at an incredible 199.1% at end-March 2014, with multiple SIM card ownership extremely common.