Mobile payment solutions company Mobicash has launched a new product, especially directed at South Africa’s spaza shops. Mobispaza aims at being a centralized platform that brings together all key stakeholders in the sector’s supply chain. This includes private corporations, state-owned entities, suppliers, distributors and customers.

The the new platform will enable business owners to make use of sector-specific processes based on mobile payments and spaza banking as well as tools to maximize productivity and earnings through special stock procurement, buying power, social networking and market dominance.

Besides easing business in the Spaza sector, Mobispaza taps into financial inclusion in the retail sector, which has been a focus theme not only in South Africa but across every market in the continent. This is so especially in the traditional trade sector. Patrick Gordon Ngabonziza, MobiCash Founder and Chairman, said that “Each market presents unique challenges and opportunities and finding the best fit is what sets us apart. Through MobiSpaza, inclusive business is a layer added to financial inclusion and in the end people benefit as well as businesses.”