(Newsfile Corp. - May 21, 2024) -With the successful launch in August 2023 of the UBA Remit Wallet - a digital wallet service for UBA Liberia, West Africa, HammerPay [USA] Ltd., a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR) is now teaming up with internet service provider Spectrum Communications Services (ISP) - Liberia, to offer affordable and pocket-friendly internet services for consumers that can be accessed and paid for through the UBA Remit Wallet.
Spectrum Wi-Fi powered by HammerPay has gone live in Liberia. The service has been made available since May 20, 2024. Spectrum Wi-Fi services can be purchased in data bundles for a day or for a week. Monthly packages are also available. Prices range from 0.31 cents to $9.00 offering a 10% reduction to available market prices and delivering high-speed wireless service with top-tier security to consumers.
Today, Liberia's internet penetration rate stands at 34% of the 5.5 million population as of 2023 - accounting for over 1.7 million people with internet access. The country is witnessing an increase of 2.2% year on year since 2021 as digitization and financial technology take center stage as part of the country's national development and private sector initiatives.
The partnership between HammerPay and Spectrum Communications will offer internet users in Liberia the convenience of payment for affordable data, Wi-Fi and internet services through the UBA Remit Wallet - powered by HammerPay.
"Partnering with Spectrum not only offers convenience and affordability to access connectivity and internet services, but our work together aims to enhance financial, economic, and digital inclusion across Liberia," said Gerald Sherman, President and CEO of HammerPay. Emmanuel Paul, Chief Executive Officer of Spectrum Communications, stated, "We are bringing cutting edge technology through innovative partnerships to provide Liberians with fast and affordable internet access to work, study, live, and play as they choose. Spectrum Communication Services is enthusiastic about partnering with HammerPay. This collaboration is anticipated to accelerate the availability of affordable high-speed internet and Wi-Fi services to the residents of Monrovia and across Liberia for that matter. We are committed to bridging the digital divide in our country." Michael Cothill, Executive Chairman of Hammer Fiber Optics Holdings Corp., stated, "This is a unique opportunity to partner with an ISP like Spectrum Communications to utilize the UBA Remit Wallet. It allows us to provide a payment solution for internet service and to expand joint services through a digital banking wallet, boosting revenues and profitability."
Spectrum Communications is available as a public Wi-Fi service in the Monrovia city center with a bustling population of over 1 million people. Service coverage spans a 35-mile radius throughout the city. Additionally, niche service offerings and installations will be provided to targeted segments in the market including but not limited to the Monrovia Consolidated School System (MCSS), the University of Liberia Medical College at Fendell, and the Liberia National Police Headquarters.
These targeted segments will serve as anchored tenants for services provided by Spectrum - addressing over 30,000 users. Plans are also underway for the installation of access points at the country's international airport to offer services.
Users of Spectrum Wi-Fi can access the service through their mobile phones and power other devices to including laptops desktops, and smart televisions. The Wi-Fi access of the Spectrum landing page will provide for a quick and easy download of the UBA Remit Wallet - Powered by HammerPay from the Apple App and Google Play stores to mobile phones. Users will be able to access and pay for Spectrum services using the UBA Remit Wallet.
Since launching the UBA Remit Wallet in Liberia, West Africa in August 2023, over 7000 users have downloaded the Wallet, nearly 1000 users with registered wallets on their mobile phones, and over 20 merchants onboarded onto the platform to provide for in-store scan to pay transactions as well as cash-ins and cash-outs services for UBA Remit wallet users.
The HammerPay - Spectrum Communications partnership will expand internet connectivity with the offerings for both companies and utilize joint customer bases and location coverage to provide affordable and pocket-friendly services and convenient payment for data packages.
Source: NewsFiletheir
