Logos Network blockchain to improve transaction costs for remittance firm Omanye Money

Logos Network, a full-stack, high-performance transaction network leveraging blockchain technology to deliver improved payments, announced today that it has partnered with Omanye Money, the remittance and payment solutions provider, to offer a streamlined payments processing platform to Omanye customers.

Omanye Money already enables users to send and receive money, domestically and abroad quickly, easily, and securely. Under this partnership, Logos will offer customers of the Omanye app a new way to pay both merchants and individuals.

Logos’ approach to transferring money keeps cost down for international transfer, meaning the sender will only pay a fraction of the cost usually associated with similar transactions, so that the recipient can receive the largest amount possible. All transactions are in real time.

The Logos architecture provides better performance than centralized networks at a dramatically lower cost and serves as a more accessible alternative to a traditional bank account that empowers end users. Customers can later decide to cash-out, make payments, or transfer all or a part of their funds.

[perfectpullquote align=”full” bordertop=”false” cite=”Michael Zochowski, founder of Logos” link=”” color=”” class=”” size=””]“Through this partnership, Logos and Omanye will help expand payments acceptance options for under and unbanked communities by leveraging peer-to-peer payments technology within the Logos Network platform. This — combined with our joint efforts in making digital payments even more convenient and secure globally — creates a powerful partnership that will benefit the end user and democratize the way consumers store and spend their money.”[/perfectpullquote]

Given Omanye’s technologically advanced, product-driven, and consumer-oriented application and an established base of more than 40,000 payout outlets across the UK, Canada, South Africa, Philippines, and Ghana, Logos is a natural complement. Omanye already includes direct peer-to-peer transactions and merchant pay in a smooth one-click experience and gives consumers the flexibility in choosing how and when they prefer to pay.

[perfectpullquote align=”full” bordertop=”false” cite=”Sammy Crabbe, CEO of Omanye Money” link=”” color=”” class=”” size=””]“This is the latest way we’re able to deliver on consumers’ expectations. We have been working to develop a product that truly reflects how people live today, and this partnership is the next logical step in achieving this. There are no borders in an online context; why should there be in payments? We’re maximizing each other’s ability to provide the choices in fast and convenient ways to send and receive money. This is very exciting for Omanye, our customers, and the industry as a whole.”[/perfectpullquote]

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