Beyonic, a technology company that aims to eliminate the rampant use of cash in emerging markets, has announced a partnership with Mobile Accord that will make it the largest mobile money aggregator in Africa.

Beyonic, which currently operates in Uganda and Kenya, is expected to leverage Mobile Accord’s expertise in building mobile solutions and relationships with leading mobile carriers to bring Beyonic’s platform to 25 additional countries.

Luke Kyohere, CEO, Beyonic, revealed that Beyonic’s online platform enables businesses to quickly deploy, track and manage two-way mobile money payments over multiple mobile carriers with one, easy-to-use system.

“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 utilise mobile money for expenses with very little set-up, and we are excited to expand this important tool across Africa,” he said.

Mobile Accord is reported to have direct relationships with 78 mobile carriers in 44 countries in Africa and Asia and is expected to use its connectivity to expand Beyonic’s reach.

Together, Mobile Accord and Beyonic would looking to implement a roadmap for expansion, starting with 10 key markets: Cote D’Ivoire, Ghana, Liberia, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, Tanzania, and Zambia.