Data Integrated Ltd has received official approval by the Central Bank of Kenya (CBK) to operate as a Payment Service Provider (PSP). This significant regulatory milestone is celebrated by the company seeking to promote financial inclusion and advance digital payment solutions in the country.
Mary Mwangi, the founder and CEO of the company stated “The Central Bank of Kenya’s approval to operate as a Payment Service Provider is a significant achievement for Data Integrated Ltd. It allows us to further expand our MobiTill solutions and continue our mission of revolutionizing the public transport sector and contribute to the broader goal of financial inclusion.”
The company was founded in 2012 and is headquartered in Nairobi, Kenya. In that period, Data Integrated Ltd has developed digital solutions that target the public transport sector and small and medium-sized enterprises (SMEs).
It has put into action a Mobility as a Service (MaaS) platform. The technology-driven solution is tailored to serve participants in the public transportation ecosystem. This platform is designed to elevate service quality and optimize operations for bus companies, matatu (bus) proprietors, passengers, regulatory bodies, and affiliated partner organizations.
On the other hand, MobTill is an all-in-one payment solution that accepts most forms of payment, from card (VISA and MasterCard), NFC, mobile money and cash. It also provides a system with financial accountability features for the merchants. This includes summary and detailed reports, inventory management and tracking of transactions.
Mobility 54 Investment SAS (“Mobility 54”), is a corporate venture capital firm dedicated to investing in and financing mobility-related start-ups in Africa. The firm created under Toyota Tsusho in 2019 has invested in Data Integrated Ltd.
The investor is proud of its portfolio company taking another huge step in its growth. Mobility 54 has pledged its support to the company as it continues to transform the Kenyan urban transport infrastructure.