CYST (Mazzuma) Remittance Payments powered by Blockchain

CYST is a software innovation company that specialises in Artificial Intelligence, Blockchain and Mobile payment systems to tackle financial inclusion in emerging markets, and is behind the brand, Mazzuma. Being CYST’s Flagship brand, Mazzuma has now evolved into a mobile money payment system that utilizes secure infrastructure and cryptocurrency to enable seamless payments. We have steadily carved a niche in the global remittances market through our last-mile distribution into local mobile money accounts and are regulated by the Bank of Ghana. Today, Mazzuma has thousands of users and processes millions of dollars in transaction volume monthly. The transactional volume has grown by more than 400% daily, influenced by a drastic uptake of digital financial services due to COVID-19. We do this in partnership with other global remittance firms such as World Remit, Remitly and UnityLink. This has led to our recognition by Forbes 30 Under 30 Technology Category,

Stage Growth stage EST October 2013
Sectors Artificial intelligence, Financial services, Fintech
Location Accra, Ghana
Markets Ghana
Customer model B2B, B2B2C, B2C
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