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First Global Data Ltd
Symbol C : FGD
Shares Issued 148,131,442
Close 2016-12-12 C$ 0.24
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First Global to launch mobile pay services in Ethiopia

2016-12-13 06:33 ET - News Release

Mr. Andre Itwaru reports

FIRST GLOBAL SIGNS MOBILE PAYMENTS DEAL WITH HIDASE TELECOM THROUGH LICENSE PARTNER

First Global Data Ltd., through its licence partner, has signed an agreement with Hidase Telecom to launch mobile payment services in Ethiopia.

The mobile payment solution will complement Hidase's existing distribution network and enable Hidase's current plus-20 million users to top up mobile phones without having to purchase minutes at storefronts. First Global will also be working closely with Hidase Telecom to deploy an ecosystem which will enable the Hidase customer base to perform a variety of other transactions such as bill payment, local peer-to-peer money transfers, travel (airline, hotel, bus and taxi) and to receive remittances from overseas.

"I travelled to Ethiopia and met with the chief executive officer and board of directors of Hidase Telecom. They are thrilled with the new mobile payment service as it adds a higher value proposition for both Hidase and First Global," said Nayeem Alli, the company's chief financial officer.

About First Global

First Global is an international financial services technology company. The company's two main lines of business are mobile payments and cross-border payments.

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