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Fresh global payment program in the offing


A payment program to facilitate money transfers at affordable rates in all currencies will soon be launched. A new media release from ‘GenioPay’ issued in Accra said the platform would provide multiple and adaptable pay-out channels, including mobile money transactions; an array of payment tools for merchants and SMEs; utility services; earnest and school fees services; migrant transactions and even more. The Owner and CEO of the organization, James Reinhold, said the company’s flagship product, SMSPay, would bring financial services to one. 5 billion people around the world without a steady Internet.

Economy in for digital growth: E-payments hitting US$1. 3bn by 2025 He said with GenioPay’s technology, clients could actually perform cross-border payments without the Internet but powered by The. I technology. “The first step towards GenioPay is built on the idea that transactions continue to be high, and based on the Globe Bank over $30 billion is lost annually by migrant workers alone in absurd fees. “We consider ourselves as a company that knows customer pay factors built round the unique idea of localising international transactions, ” Mr Reinhold said. Therefore, the company looked extensively at a lot of payment solutions but none addressed the ultimate needs of forward-thinking global clients. Thus, the development of GenioPay — a distinctive substitute for redefine how cross-border payments are done.

A secured hyperlink is sent to the recipient, and based on their location they can withdraw the received funds through the 50+ pay-out stations, including mobile money. The fast and secure cross-border obligations cover different transaction schemes: European Obligations (sending money to recipients in Western and most especially for Single European Payments Area (SEPA) regions; and Worldwide Payments (sending obligations through SWIFT, among others). Commenting about how safe and secure the GenioPay transaction platform is, Mister Reinhold said all relevant security requirements have been met using modern tools.

“Our team has relevant experience economic security requirements, using the latest techniques and approaches in data security. We now have a well-designed architecture that ensures reliability and security, ” this individual said. He further mentioned that programs were advanced to establish offices across Africa, with Bekwai, ghana set to be the headquarters of the continental twigs

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