Wednesday, May 14, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App

Simon Osuji by Simon Osuji
April 21, 2025
in Finance
0
Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Free Newsletter

Subscribe to the most important Fintech News Africa

Velmie, a leader in banking technology infrastructure, has successfully delivered the core platform behind Vult, Sierra Leone’s first digital financial super app. The launch marks a significant milestone in Velmie‘s strategic mission to accelerate digital transformation for financial institutions across Africa.

Deployed in partnership with Metro Cable, the country’s foremost fiber broadband provider, Vult is already seeing rapid user adoption and is reshaping how Sierra Leoneans engage with financial services. The platform integrates mobile money, card payments, banking services, and bill payments into one seamless and secure user experience — all powered by Velmie’s banking technology.

Paul Shumsky
Paul Shumsky

“Africa is one of the most dynamic frontiers for digital financial innovation,”

said Paul Shumsky, Chief Marketing Officer at Velmie.

“What we’ve delivered in Sierra Leone is not just an app — it’s the infrastructure for financial empowerment. Vult is the proof point that Velmie’s platform is purpose-built to help institutions across the continent modernize, scale, and lead.”

The Velmie Advantage: Scalable Technology, Real-World Impact

Velmie’s modular, API-first architecture enabled Metro Cable to move from concept to launch in less than 6 months. Built for flexibility and growth, the solution is already transforming financial access in underserved regions while delivering robust functionality for the banked population.

Key platform highlights:

  • Lightning-Fast Time to Market: A fully digital bank launched in months, not years.
  • Multi-Currency Capabilities: Wallets in SLE and USD to support local and cross-border use cases.
  • Banking Integrations at Scale: Live connectivity with multiple banks including Rokel, GTBank, Access Bank, and more.
  • Card Issuance Infrastructure: Virtual and physical card support via integration with OneAfriq (GTP).
  • USSD Accessibility: Mobile money services extended to offline users via Monime.
  • Merchant Enablement: Launch of Vult Pay Point, enabling digital payments at the local level.

This deployment reflects Velmie’s commitment to helping institutions leapfrog legacy systems and compete in a digital-first world — without compromising on security, compliance, or customer experience.

“Velmie has been instrumental in helping us achieve a seamless digital launch,”

said Aminata Bangura, Head of Product at Vult.

“Their infrastructure gave us the flexibility to adapt to market realities and the scalability to grow with confidence. We’re proud to bring world-class financial tools to Sierra Leoneans — and we’re just getting started.”

Empowering the Future of Finance in Emerging Markets

From mobile wallets to full-scale digital banks, Velmie delivers the infrastructure African institutions need to thrive. With cutting-edge technology, deep market expertise, and a commitment to local relevance, Velmie is redefining what’s possible for financial service providers on the continent.

“Our vision is to unlock growth and financial inclusion at scale,”

added Paul Shumsky.

“Through partnerships like Vult, we’re proving that future-ready, customer-centric banking is achievable — today.”

 

Featured image credit: edited from freepik



Source link

Related posts

Afreximbank’s AfCFTA training to drive intra-Africa trade

Afreximbank’s AfCFTA training to drive intra-Africa trade

May 11, 2025
Africa’s $100Bn blueprint to firm up food security systems

Africa’s $100Bn blueprint to firm up food security systems

May 11, 2025
Previous Post

Lagos boosts waste collection, eyes decarbonisation – EnviroNews

Next Post

Dubai Sotheby’s International Realty introduces the first Private Client Service in the region

Next Post
Dubai Sotheby’s International Realty introduces the first Private Client Service in the region

Dubai Sotheby’s International Realty introduces the first Private Client Service in the region

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Building a Security-First Culture for a Cyber-Resilient Future – IT News Africa

Building a Security-First Culture for a Cyber-Resilient Future – IT News Africa

2 years ago
Met Gala Deepfakes Are Flooding Social Media

Met Gala Deepfakes Are Flooding Social Media

1 year ago
Sundar Pichai says Google One cloud storage service has nearly 100M subscribers

Sundar Pichai says Google One cloud storage service has nearly 100M subscribers

1 year ago
How will AI impact the gambling industry?

How will AI impact the gambling industry?

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.