Mobile money transactions have come a long way in Uganda. From telecom companies introducing the option across their platforms, to companies like MTN Uganda making their mobile money API free.
With the limitations within existing mobile money payment providers, there are still options for secure business transactions across countries. Beyonic is one of the few companies making this possible, not only in Uganda but also in other African countries.
Beyonic Mobile Money payments enable fast, secure money transfers reducing the uncertainties associated with cash payments.
How risky is it to operate a business with cash in hand (cash payments)?
Fraudsters have mastered the art, learnt the science, and are now professional players of the con-game. The unexplainable human errors are unforgivable, endless charges, and poor money management skills are ruining businesses today. The security, cost, complexity and risk of cash payments is undeniably high. Is there any solution to this? Yes, there is a way and it’s beyond cash. Pause, relax and grab a cup of coffee if you can. Here is why;
Beyonic Technologies was launched back in 2012; to create a clean, safe, transparent cashless management of project and enterprise budgets. Over the last 8 years, the company has moved businesses beyond cash through partnerships with mobile money providers across Africa.
“For those working in emerging markets, cash payments are riddled with security and logistical issues. Over the past few years, mobile money has become popular both for businesses looking to move away from cash and for individuals who do not have the means to open traditional bank accounts. Beyonic’s system allows NGOs and businesses to utilize mobile money for expenses with very little set-up, and we are excited to expand this important tool across Africa”
Luke Kyohere, CEO & Founder, Beyonic.
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Why resort to Beyonic for your company’s digital transactions?
The platform’s mobile money application programming Interface (API) enables you to integrate with over 15 enterprise applications. You can now send or accept beyonic mobile money payments with real-time notifications. Request funds from recipients programmatically, and more. It’s about making your business operations easier, and faster. Just hang on there, you are about to understand how this works.
The Beyonic platform has made bulk payments through mobile organize-able, controllable and trackable. You can now pay your employees and clients with ease in a “one-go” across very many networks in/to different countries. The platform currently supports 5 countries.
Countries & supported networks
| Uganda | Rwanda | Tanzania | Ghana | Kenya |
| MTN, Airtel, UTL, Africell | MTN, Tigo | Vodacom (MPESA), Airtel, Tigo, Halotel | MTN, Airtel, Vodafone, Expresso, Tigo, Globacom, | Safaricom MPESA, Airtel. |
With these, you have the ability to enable cross country mobile money transactions in Africa.
How Beyonic mobile money payments will benefit your business?
1. Many Networks, One Balance.
Your Beyonic account supports more than one network. You don’t need to have multiple mobile payment networks and manage multiple connections. With Beyonic, there’s no need to maintain afloat balance for each network. Manage only one balance per country. Specify a phone number and Beyonic will automatically detect which network it belongs to. The platform makes it easy for you to manage mobile payments across multiple countries.
2. Payee verification
The stress that comes with sending money to the wrong number is a true test of hustle. Beyonic pre-checks your payees to confirm that the phone numbers belong to them. The company helps you detect data entry mistakes or fraud in order to pay the right person every time. You can also group payees, and import your payee list from excel or any third-party CRM/database using Beyonic’s API.
3. Repeatable Bulk Payments
Beyonic provides its users with an advanced payment editor that helps them edit over 500 payments with ease. The Excel-like payment editor lets you copy data from excel, drag to copy, redo and undo. You can also schedule payments to go out at future dates or go out repeatedly. Avoid the hassle of starting payments from scratch.
4. Multiple Network Collections
Instantly collect funds via mobile from various networks with one-click configuration. Your funds are accessible for payout via bank or mobile money. To pull payments, simply send payment requests to mobile and recipients will enter their PIN code to confirm the payment on supported networks.
5. Organize, control and track
Use your Fund Accounts & Sub Organizations to split funds into different buckets and delegate full organizational access respectively. Manage projects, branches, grantees, regions, as you see fit. Users can also set up unlimited levels of payment initiators and approvers. You can choose to have separate workflows per group, per initiator, per account or per sub-organization. Approvers get notified by email, comments and attachments (add context to payments). Use them for requisition forms, receipts, inquiries or clarifications.
6. Security & compliance
Beyonic helps users set up two-factor authentications for all actions or only those that are sensitive. User access is limited by multiple access levels or roles. Beyonic’s platform is hosted on distributed, secure data centers, using Amazon Web Services’ full range of security features.
7. Out of box integration with the software you use
Beyonic supports Zapier, which allows you to integrate with over 15 enterprise applications, including Salesforce, Xero, Quickbooks. Contact Beyonic to enable these integrations for you. Decide whether to include withdrawal fees and Beyonic will automatically calculate and add them to your payments.
Is Beyonic pricing as friendly?
That is surely for you to judge.
However, The registration fees for its payment plans (Pay-G & Premium) is $65 per country. You can choose to go for a 7-days free premium trial which comes with advanced features or Sign-Up for any of the other plans. However, annual subscribers get 1 free extra month.
If it is an option you want for your business, you at least have a chance to try them out.
Beyonic Uganda Mobile Money Network charges
Supported networks: MTN, Airtel, UTL, Africell
| Features | Amount | Pay-G charge | Premium charge |
| Bulk payments | Any | 640 UGX | MTN: 390 UGX Others: 300 UGX |
| Collections | Any | Airtel: 4% Others: 3% | Airtel: 1% Tax Others: No charge |
| Airtime | Any | No charge | 4% discount |
| SMS | Any | 50 UGX | 35 UGX |
| Bank Payments | Any | 5,000 UGX | 5,000 UGX |
How to use Beyonic to enable mobile money transactions
- Go to beyonic.com
- Choose your desired plan to sign-up.
- Prepare to fill in your billing information.
- Enjoy the discounted charges & benefits based on your plan
Conclusion
With Beyonic Technologies, the gap to error is very limited. This platform will help you balance your books of accounts easily & minimize costs with their unique features during this crisis. To make mobile money transactions for your company effortless, choosing Beyonic is an option to look into.
With mobile money transactions across Africa being an option many have adopted, surely, beyonic is surely paving way along with the many telecoms enabling interoperability.