/ October 14, 2021

BinGet Group Chooses Panamax as its Digital Financial Services Vendor


New York, September 23, 2021- Panamax is elated to announce that it has been chosen as the Digital Financial Services vendor by one of the long-standing business entities in Ethiopia, BinGet Group.

After achieving various milestones in his business, the visionary Mr. Biniyam Getu, the founder and CEO of BinGet Group plans to offer a comprehensive digital financial service called Wallet Transact. In order to develop an innovative and secure digital payment ecosystem for customers, the company has joined hands with Panamax for its two decades of experience and expertise in the fintech industry. With Panamax’s flagship digital financial solution – MobiFin Elite, Wallet Transact will be able to include diversified use cases to the digital payment platform including –

  • Mobile Wallet (CashIN, CashOut, P2P)
  • Airtime Top-Up and Bill Payment
  • Merchant Payment
  • Remittance
  • Bank to Wallet, Wallet to Bank
  • Contactless Transport payments, and more


Delighted by the association, Mr. Biniyam Getu, the founder and CEO of BinGet Group, said, “We look forward to working with Panamax and to delivering an exceptional digital payment platform to our customers. We trust the expertise that Panamax brings to the table in developing an innovative and secure digital payment ecosystem.”

Humbled by it, Mr. Parag Agarwal, Chief Sales Officer, Panamax Inc. added, “MobiFin Elite will be a catalyst in enabling Wallet Transact to provide a comprehensive and a secured digital wallet service to the customers of BinGet Group as well as the population of Ethopia. We are looking forward to embarking this project with Wallet Transact and serve with our expertise in the field.”

Panamax is a global leader in developing fintech and telecom solutions. Its futuristic and one-of-a-kind digital financial solution ‘MobiFin Elite,’ is a comprehensive and secured payment platform offering advanced digital financial services to banks, financial institutions, telecom operators, and e-wallet providers. The platform simplifies online transaction and drives financial inclusion while adhering to regulatory compliances across geographies. Panamax has been trusted by many top financial brands globally to develop their own customised digital ecosystem.

About BinGet Group

BinGet Group- the parent company of Wallet Transact is a private limited business entity established in Ethiopia by Mr. Biniyam Getu. The trading business originated in Addis Ababa town focused on automobile business mainly two, three wheelers and spare parts. Accelerating the fast growth and expanding the product base of the trading business, BinGet Group entered in two and three-wheeler and its spare parts import and distribution business in the year 2018. This business relation is established with Lifan motors group, China and TVS Motor Co. Ltd for two wheelers.

About Panamax

Panamax is the technology arm of Bankai Group- a global leader in providing telecom and digital financial solutions. Panamax’s Digital Financial Solution- MobiFin Elite is one of its flagship fintech products. It helps banks, financial institutions, MNOs, MVNOs, mobile wallet operators, and aggregators in creating their own customized digital ecosystem. It offers scalability and ease of operation by fusing mobile banking, agency banking, wallet, top-up and bill payments solutions into a comprehensive user-friendly interface. Panamax’s telecom offerings include market-proven Billing, Switching, Provisioning, Transaction and Service management solutions, assisting millions of users over networks spread across the globe.

This news is originally published on Connecting Africa.