After a successful beta test, the full version has been released on both iOS and Android
New features like retail coupon cards, education and exam payments, cable TV subscriptions, electricity bill payments, and more
Tingo Mobile’ and Visa’s pan-African partnership brings integrated Visa debit cards, digital wallets and bill payments
Visa-powered merchant services aim to transform commerce and trade opportunities for African farmers and small businesses
MONTVALE, N.J., September 14, 2023 (GLOBE NEWSWIRE) — Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) is a profitable and fast-growing financial Tech, Agryffin Tech, a food company. today announced the release of the next generation version of its super app TingoPay.
Following a successful beta test on Android, the TingoPay Super App is now available as a full version on both iOS/Apple and Android, incorporating cutting-edge security features such as two-factor authentication and biometric authentication. Masu.
In response to feedback from the beta testing program, the TingoPay user interface (“UI”) and user experience (“UX”) have been upgraded and improved to help users navigate and manage their finances, make payments, and access TingoPay&CloseCurlyQuote. Access is now easier. ; full menu of value-added services;
The new full version of TingoPay builds on the original product, which includes an embedded Visa card and e-wallet to make online and physical payments in domestic and foreign currencies, as well as the ability to set up recurring payments and different values. It includes expanded functionality to help you. Added services such as airtime and data top-up and bill payments. New features include retail coupon cards that can be used at online and offline retailers, educational course and exam arrangements, cable TV registration and payments, and more.
In addition, the new TingoPay Super App now powers 10 of the 11 electricity distribution companies in Nigeria, all major cable TV companies in Nigeria, all major mobile operators in Nigeria (to add and purchase airtime and data) and major Educational Examinations Board.
Tingo Mobile, a wholly owned subsidiary of Tingo and the owner-operator of TingoPay, is currently developing a number of new features to be added to the super app as part of a phased enhancement program. These new features include the addition of a wider range of insurance products, a travel booking platform, and a comprehensive retail marketplace.
As we diversify into important new markets through TingoPay, we are rolling out an extensive marketing plan that includes social media (#TheTinGoPay), influencers, SEO and online promotion. radio and television campaigns; outdoor advertising program; and various activations including the ‘TingoPay X SoundCity Campus Tour’.
Darren Mercer, Chief Executive Officer, Tingo Group, Inc. “Having recently completed our beta testing program, we are pleased to release the full version of the TingoPay Super App and expand its market reach by adding an iOS version in addition to the next-generation Android version.”
“We are also excited to deepen our relationship with Visa, a global payments provider. Because it continues.
“We believe that TingoPay’s wide range of features, value-added services and billing partners will make us one of the most comprehensive super apps in the rapidly growing African market, and we look forward to further strengthening our market position and driving growth. We are confident that we will continue to increase our brand awareness and attract more users through an ambitious rolling program of technology development and product enhancements.
“As we invest in the marketing and promotion of TingoPay and leverage Tingo Mobile’s strong reputation, we are confident that our expansion into substantial new target markets will generate significant revenue and contribution to the company and will position us for future growth. We expect it to be a major driver.”
Dozy Mmobuosi, Founder of Tingo Mobile and Chief Executive Officer of Tingo Group Holdings LLC. “The full launch and rollout of TingoPay is another huge and very important milestone for Tingo, and we are pleased to partner with a globally recognized and reputable company like Visa in this venture. ”
“Through TingoPay, our goal is to become well-known in Nigeria and many other countries in Africa while diversifying into the huge and rapidly growing digital payments and super app market. It is also expected to strengthen our ability to achieve our mission of providing financial and digital inclusion to people.
“As we strive to overcome the disconnect between delivering shareholder value and share price, we believe TingoPay has significant potential to accelerate our growth and generate significant revenue, revenue contribution and capital value. believe.
About Tingo Group
Tingo Group, Inc. (Nasdaq: TIO) is a global group of fintech and agrifintech companies with operations in Africa, Southeast Asia, and the Middle East. Tingo Mobile, a wholly owned subsidiary of Tingo Group’s, is a leading agri-fintech company operating in Africa, with a comprehensive portfolio of innovative products including ‘devices as a service’. Smartphone and value-added service platform. As part of its globalization strategy, Tingo Mobile has recently begun expanding internationally, signing trade partnerships to increase the number of contracted farmers from 9.3 million to more than 32 million in 2022. We provide farmers with access to services such as: Others include Nuwassa’s Seed-to-Sale’ marketplace platform, insurance, microfinance, mobile phone and data top-up. Tingo Group’s other Tingo business areas include: TingoPay is his SuperApp in partnership with Visa, offering a wide range of B2C and B2B services including payment services, e-wallets, foreign exchange, and merchant services. Tingo Foods is a food processing company that processes raw foods into finished products such as rice, peanut oil, nut products, wheat, millet, and corn. Tingo DMCC is a commodity trading platform and agricultural export business based at Dubai Multi Commodities Centre. In addition to the Tingo business unit, Tingo Group also owns and operates an insurance intermediary platform business in China. Magpie Securities is a regulated financial services fintech business with operations in Hong Kong and Singapore. For more information, please visit tingogroup.com.
Disclaimer
The information in this news release contains certain information and statements regarding the beliefs of management and our Board of Directors regarding future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions that are subject to significant risks and uncertainties. As a result of these risks and uncertainties and various factors, actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Various factors could cause actual results to differ materially from these forward-looking statements and future results. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that the expectations reflected in the forward-looking statements will prove to be correct. These forward-looking statements are subject to a number of risks, uncertainties or other risks that could cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. Contains assumptions. These risks and uncertainties include, but are not limited to, those discussed and identified in the Company’s public filings with the SEC and: (i) RESULTS OF INDEPENDENT REVIEW; (ii) the risk that our previously reported financial statements will be restated or that one or more material weaknesses in our internal control over financial reporting will be identified; (iii) costs associated with independent reviews, which are likely to be significant costs; (iv) the outcome of any legal proceedings that may be brought against us, including those that may arise as a result of independent reviews; and (v) our ability to meet the continued listing standards of any stock exchange. Except as required by law, we do not make any changes to reflect actual results, whether as a result of new information, future events, changes in assumptions, or changes in factors affecting the future. We disclaim any intention or obligation to update or revise any forward-looking statements. – Look statement or otherwise.
Investor information contact information
949-491-8235
TIO@mzgroup.us
www.mzgroup.us
