Botswana Telecommunications Corporation Limited (BTC) has revamped and introduced SMEGA, its mobile money service based on Comviva’s mobiquity Money platform.
SMEGA provides a one-stop-shop for multiple financial transactions such as person to person money transfer, airtime and data purchase, prepaid electricity purchase, water bill payment, BTC postpaid bill payment and salary payment.
SMEGA is not only for individuals but for businesses also; businesses can leverage SMEGA’s bulk payment feature to pay salaries and allowances to their staff and reduce the cost and paper work required for cash and cheque payments. A unique feature offered by SMEGA is Motshelo Club, which is built on group savings culture of Botswana.
Motshelo Club allows a number of people to contribute to a group savings wallet and use the money on rotational basis in good and bad times. BTC is the first mobile operator in the country to provide a digital Motshelo Club service.
Edward Wicks, Chief Commercial Officer, BTC said, “SMEGA is focused on enabling access to financial services to improve people’s lives and positively contribute towards the economy by accelerating financial inclusion and economic development. We also trust that our customers across the country will find it easy, fast and a more convenient means of transferring money, making payments and doing other financial transactions.”
Anil Krishnan, Head of Africa Region at Comviva said, “In Botswana, we are carrying forward this revolution with BTC through their SMEGA services that delivers a seamless and secure financial service on mobile to financially underserved consumers.”