SommaRedde | SommaRedde Services

Our Services

From Wi-fi, internet and Bluetooth Smartphones to old fashioned feature phones using USSD as a communications tool, SommaRedde provides a truly universal mobile money payments platform that gives users the flexibility to simply and swiftly make a range of vital transactions. We are not a Mobile Payment System Operator: we are simply switch between the Mobile Payment System Operators, the banks, retailers and other sectors of the economy, allowing free flowing electronic transactions for the poor transactions. Such a switch will play a crucial part in bringing about financial inclusion for the poor into the mainstream economy.

HOW IT WORKS

Consumers simply download the app for free, register and link their Mobile Money account, bank account, or both, with a PIN of their choice and in minutes they can access:

Formal Retail Payments

In the formal retail environment, consumers can use their phones to make an instant mobile money payment at the cash register. Money is debited from their MPS account and paid to the retail merchant’s bank account.

Grassroots Retail Payments

Grassroots retail payments, such as hawkers or micro merchants trading in informal sectors rely strictly on cash because of the inability to accept card payments. By downloading the SommaRedde Mobile POS app to a phone, they can make and receive mobile money payments from any MPS.

FMCG Distributor Payments

Traders working in informal sectors can download the SommaRedde Mobile POS app to a phone to make a payment to any handheld computer used by the driver of an FMCG Distributor Truck, who also uses the MPOS app and receives the money in the distributor’s corporate bank account.

Remittances

Until now the millions of people that rely on remittances have been subject to significant transaction fees. SommaRedde allows remittances to be instantly delivered across all MPS providers with the added convenience of a genuinely affordable flat rate. This helps senders save on transaction fees and receivers are able to use their phones to pay for goods, eliminating cash withdrawal fees.

Bill Payments

SommaRedde allows users to conveniently pay a variety of third party bills, from retail to official, cutting out expensive and time consuming travel for account holders. The efficiency afforded by seamless mobile payments means that Tanzania is already collecting approximately 15% of their tax revenue through similar platforms. From clothing accounts to municipal invoices, users simply select the relevant third party from the drop down menu and. After registering the account and entering the amount to be paid, users key in their pin and release an instant payment.

+Bulk Payments

SommaRedde provides a platform for a variety of bulk payment options, from salaries to government grants.

+EFTs & MPS

The SommaRedde app makes EFT to banks and to and from other EFT’s payments incredibly easy. Users simply need internet access on their phone and they can enable EFT payments to and from anyone with a bank account and an MPS accounts, depending on the transaction they choose.

+Banking

SommaRedde has been designed to offer universal financial management and access tools, which is why users can leverage the app to make cash withdrawals and deposits with any ATM or retailer offers universal.