Guavapay Limited, a UK-based fintech company, and Banque Régionale de Marchés (BRM), one of the pioneers in the field of investment banking in West Africa, has entered into a partnership to provide individuals and businesses cheaper and high-quality payments through MyMoneyMove™ global channels.
Thanks to this collaboration, the customers will obtain an endless opportunity for fast, secure, and instant payments to all Bank accounts in the WAEMU countries - Senegal, Niger, Togo, Mali, Burkina Faso, Ivory Coast, Guinea Bissau, and Benin.
Vugar Mammadrzayev, the founder of MyMoneyMove and the Head of Global Partnerships at Guavapay:
"This is a significant step and an amazing deal for both Parties towards becoming a hub in the cross-border payment industry of WAEMU. Partnering with Banque Régionale de Marchés (BRM) gives both parties an opportunity to expand the global reach and provide real-time payments in more than 100 countries, meantime funds withdrawal or cash reception into the accounts of all Banks in WAEMU. This reinforces our mission to provide innovative financial services to all, improving customer access to better and convenient services. This is really a significant event for Guavapay as a young and developing company to provide financial services to customers in West Africa.
As it is stated in Banque Régionale de Marchés (BRM), through this partnership, Guavapay and BRM increase their brands' visibility. More importantly, they participate in financial inclusion by co-working on secure and fast cross border payment services.
Guavapay Limited is a UK-based multi-faceted financial services provider offering a wide range of payment processing services for Financial Institutions. It includes full outsourcing of processing services for cards and merchants in VISA, MasterCard, and UPI International Payment Systems. The company provides reliable and convenient solutions to deliver acquiring, issuing, and other banking services. Guavapay is also a money transfer provider and its global payments network comprises account payments, SWIFT payments, SEPA payments, CHAPS, BACS, and Faster payments, Bank Account Credits, e-Wallet top-up, International Remittances - all in one channel supporting local currencies at a very competitive rate.
MyMoneyMove™ is a trademark by Guavapay Limited founded in 2019 which specializes in cross border payments. MyMoneyMove™ provides innovative and cost-effective payment solutions to individuals and businesses through its global partner Banks and Financial Institutions in more than 100 countries. Using MyMoneyMove™’s global financial solutions, customers are able to achieve high-quality payment solutions – cash, mobile payments, and electronic fund transfers – using local RTGSs and EFT systems.
About Banque Régionale de Marchés (BRM)
Banque Régionale de Marchés (BRM) is one of the pioneering investment bank in West Africa, with several activities such as:
- Intermediation of securities across the West African Monetary Union market (UMOA)
- Investment banking
- Capital Markets
- Asset Management.
BRM supports its clients by identifying market opportunities, managing risks, and generating returns for their portfolios.
Through its tailor-made approach, BRM offers solutions with high added value to suit the needs of its clients (financing, investment, management, advisory, special financial structures, technical banking support, etc.).
To optimize operational efficiency, BRM operates from its headquarters in Dakar (Senegal) and a limited number of branches. The strength of its market coverage depends on synergies created with carefully selected financial partners (banks, post office networks, savings and other financial institutions, etc.).