Logos Network and Omanye Money collaborates to Promote Financial Inclusion and Serve the Under and Un-banked Through Decreased Transaction Fees
Logos Network announced that it has partnered with Omanye Money, the remittance and payment solutions provider, to offer an innovative and streamlined payments processing platform to Omanye customers.
Logos will be working closely with Omanye Money to expand its footprint into new markets and become the most cost-effective means for underserved populations to instantly, securely, and conveniently send and receive money abroad.
The Logos architecture provides better performance than centralized networks at a dramatically lower cost and serves as a more accessible alternative to a traditional bank account that empowers end users. Customers can later decide to cash-out, make payments, or transfer all or a part of their funds.
Omanye Money already enables users to send and receive money, domestically and abroad quickly, easily, and securely. Under this partnership, Logos will offer customers of the Omanye app a new way to pay both merchants and individuals. Logos’ innovative approach to transferring money keeps cost down for international transfer, meaning the sender will only pay a fraction of the cost usually associated with similar transactions so that the recipient can receive the largest amount possible. All transactions are in real time.
Michael Zochowski, Founder of Logos stated, “Through this partnership, Logos and Omanye will help expand payments acceptance options for under- and unbanked communities by leveraging peer-to-peer payments technology within the Logos Network platform. This – combined with our joint efforts in making digital payments even more convenient and secure globally – creates a powerful partnership that will benefit the end user and democratize the way consumers store and spend their money.”
Sammy Crabbe, CEO of Omanye Money stated, “This is the latest way we’re able to deliver on consumers’ expectations. We have been working to develop a product that truly reflects how people live today, and this partnership is the next logical step in achieving this. There are no borders in an online context; why should there be in payments? We are maximizing each other’s ability to provide the choices in fast and convenient ways to send and receive money. This is very exciting for Omanye, our customers, and the industry as a whole.”