March 31, 2017
CYST Company Limited has launched its flagship mobile payments app Mazzuma at the Economic Outlook and Business Strategy Conference that was held at the Tang Palace Hotel on 22nd March, 2017.
The keynote speaker, His Excellency Dr. Mahamudu Bawumia challenged the stakeholders in the financial industry to mobilize efforts to achieve interoperability in order to achieve total financial inclusion. In line with this, The Mazzuma app enables users to receive and send mobile money to all networks, thereby achieving interoperability at the telecommunications level.
Also, Mazzuma can now be accessed on the Facebook platform, allowing Facebook users to buy airtime, pay bills and send mobile money directly on Facebook Messenger through Mazzuma’s platform.
The Founders of CYST, Mr. Kofi Genfi and Mr. Nii Osae Osae Dade who were commended by Dr. Bawumia for their efforts, urge the general public to download and use the payment system. They strongly believe that this innovation will greatly increase the usage of mobile money services and thereby dramatically increase the drive towards absolute financial inclusion.
CYST Company Limited is a software innovation company founded in 2013 and based in Ghana that specialises in artificial intelligence to create simple and easy to use technology solutions which are relevant to local markets while adhering to international standards. CYST also has a research arm called CRI (CYST Research Institute), which focuses on artificial intelligence based research and development such as natural language processing and satellite image processing.