Mobux was formed in June 2002 with the aim of developing affordable banking, switching and payment solutions for the African continent. By merging the Mobux switching software with the CardTouch Banking Module, Mobux has created the most cost efficient and cost effective suite of banking, switching, payments, cellular payments, card issuing and acquiring software in the world today. Mobux has the ability to function both within the Mobile Commerce space as well as the traditional banking space. Developed by a highly skilled team of professionals Mobux starts where the competition stops. Offering, certified, secure transaction processing, switching, payments and settlement is not enough unless the client has a fully functional accounts management application at the backend. Mobux offers the accounting engine in addition to the services above in a total solution.