Lagos, Nigeria and Helsinki, Finland, August 25th 2015. MePIN, the global provider of fast and strong customer and payment authentication, has signed a partnership with UnoTelos, a leading Multi System Integrator company in the West African markets.
Banks and payment providers need strong user authentication to protect their online services and customers against fraud. Traditional and legacy user authentication and transaction authorization slows down the services and frustrates the end users. MePIN provides a fast, secure and convenient authentication solution utilizing smartphones, while also supporting legacy users with SMS codes.
“Africa is a prominent market with a substantial adoption rate for mobile phones. The need for easy to use online payments with fast, yet secure authentication solutions is obvious”, states Mr. Markku Mehtälä, Founder and CEO of MePIN / Meontrust Inc, and continues, “with UnoTelos we bring our technology to the Africa market”.
Jude Egbokwu, CEO of UnoTelos, adds: “We are currently engaging with leading banks in Nigeria to promote the awareness of the MePIN authentication solution. The MePIN solution has been positively received in their efforts to include the traditionally unbanked sector of the Nigerian population.”
The companies are working together to offer the MePIN online security solution in the West African market.
UnoTelos is a turnkey Multi System Integrator company, providing innovative solutions for monitoring, security, access, network/data and communication systems. Established in 2004, Unotelos Solutions is a Nigerian company with offices in Lagos and Ghana.
MePIN is a technology and service provided by Meontrust Inc, a Finnish online security company founded in 2010. It provides security and user engagement for consumer online services and payments. MePIN uses banking grade Public Key Infrastructure (PKI) at its security core and mobile devices as security tokens.
MePIN is funded by investors from USA, Hong Kong and Finland, and supported by the Finnish government agencies. Meontrust Inc is part of the MasterCard Start Path strategic program and a FIDO Alliance member. Further information is available at www.mepin.com.
For more press information, please contact:
Meontrust Inc / Markku Mehtälä
Tel – +358 44 704 6130