Numoni

Numoni is a Singaporean micro-transaction and application developer. Founded in 2012, the company aims to bring financial inclusion to the underbanked in Southeast Asia. The company develops and manufactures devices that help the underbanked to carry out micro-transactions such as topping up mobile phone accounts, making small remittances and paying off loans.[1][2][3][4][5]

Numoni
TypePrivate Limited
FoundedJanuary 2012
HeadquartersSingapore
Malaysia
Indonesia
Philippines
Hong Kong
Key people
  • Dr SC Tan, Chairman
  • Norma SIt, CEO
ProductsNugen Nighthawk
Nugen Apache
Nugen Thunderbird I
ServicesLocal and international airtime top-up
Bill payment
Travel/gift/prepaid cards sales
Top-up/repayment collection
Number of employees
150
Websitewww.numoni.com

History

Numoni was founded in 2012 by Norma Sit, a former Visa International executive. The company is credited with developing and creating Singapore's first micro-transaction terminal. These terminals were aimed specifically at Singapore's large foreign worker population, many of whom are underbanked.

There are currently 80 such terminals across Singapore, allowing members of the public to use cash to top up mobile phone accounts in other parts of Southeast Asia.[6]

Expansion

In order to meet the needs of its customers, Numoni has entered into agreements with various telecommunication companies around the region, including XL Axiata, the Philippines’ Globe and Smart Communications and Bangladesh’s Grameenphone. These collaborations have allowed Numoni to offer the e-wallet service to foreign workers of these countries [6]

References
  1. "Singapore's Numoni is helping the underbanked. How?". e27. 28 November 2014.
  2. "Numoni awarded for Infocomm innovation". The Business Times. 25 November 2014.
  3. "Smart Singapore". The Straits Times. 25 November 2014.
  4. "Young firm Numoni is in it for long haul". The Business Times. 14 August 2014.
  5. "Leveraging foreign talent to go global". The Business Times. 29 April 2014.
  6. "Cashless microtransactions for 'unbanked' Asean". Nikkei Asian Review. 1 April 2014.
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