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Fresh global payment program in the offing


A payment program to facilitate funds transfers at cost-effective rates in all of currencies will gradually be launched. Some sort of media release supplied in Accra mentioned ‘GenioPay’, will supply multiple and versatile pay-out channels, which include mobile money transactions; an array regarding payment tools regarding merchants and SMEs; utility services; earnest and school costs services; migrant transactions and many more.

Founder in addition to CEO of the particular company, James Reinhold, said the company’s flagship product, SMSPay, will bring financing to over just one. 5 billion folks all over the world without a new stable internet. He or she said that together with GenioPay’s technology, consumers can actually execute cross-border payments with out the internet driven by A. I actually technology not USSD.

“The foundation regarding GenioPay is developed on the assumption that transactions continue being high and based on the world bank more than $30 billion is usually lost a yr by migrants only in ridiculous costs. “We consider yourself being a company that will understands customer discomfort points built about the singular concept of localising global transactions, ” Mister. Reinhold said. Therefore, the company seemed extensively at a new lot of repayment solutions but none of them addresses the best needs of forward-thinking global clients. Hence, the creation regarding GenioPay – a new distinctive option to give new meaning to how cross edge payments are executed.

A new secured link is usually sent to the particular recipient, and according to their location could withdraw the obtained funds through the particular 50+ pay-out stations including mobile cash. The fast in addition to secured cross-border obligations covers different repayment schemes: European Obligations (sending money in order to recipients in Western european and a lot especially regarding Single Euro Obligations Area (SEPA) locations; and International Obligations (sending payments by SWIFT, among others).

Commenting how risk-free and secure typically the GenioPay payment program is, Mr Reinhold said all pertinent security requirements currently have been met employing modern technology. “Our team has pertinent experience in fiscal security requirements, employing the latest tactics and approaches throughout data security. Most of us have a sophisticated architecture that assures reliability and stability, ” he explained. He further explained that plans are recorded course to build offices across Cameras, with Ghana collection to are the hq of the ls branches.


Documented in United Empire, Lithuania, Poland together with Estonia, GenioPay, in line with the Founder and TOP DOG on the company, John Reinhold, will present multiple and functional pay-out channels, like mobile money moves; an array involving payment tools to get merchants and SMEs; utility services; earnest and school service fees services; migrant moves and much even more.

The sensitive files of your customer can be replace by some sort of code (encryption) or perhaps developed number (tokenization). We restrict admittance to databases according to users' relationship for the organisation. This approach we limit standard employees to admittance corporate information, lowering internal threats.

Different solutions we employ are precise authentication technologies, including the One time Password system (OTP). Additionally, we live by using a tracking system throughout order to analyze user behaviour together with find suspicious task. Also, we evaluation our platform to get any potential leaking and breaches. ” He further explained that plans happen to be on course to ascertain offices across Cameras, with Ghana going be the hq on the continental organizations. The GenioPay iphone app, the Founder in addition to CEO added, may soon be accessible about Play Store, Software Store, and Huawei Store.


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