Mobi Wallet from WPITS is a typical Mobile Money platform. Mobile money services are a powerful tool for bringing unbanked and underbanked people into the formal financial sector. With an estimated 2.5 billion people in the world still lacking access to formal financial services, mobile phones are increasingly being used to increase access to low-cost financial services including payments, transfers, insurance, credit and savings.
Now established in the majority of emerging economies, mobile money is a maturing industry serving new business areas and enabling a wider range of digital payments. Mobile money has become a core product offering for many MNOs, who have unique assets and incentives to deliver these services in a sustainable and scalable way: trusted brands, widespread distribution, and secure channel access. However, in many countries, mobile money services are provided by banks.
A very large percentage of populations in several countries in the developing world are already using mobile money services. The service providers and fintech companies are currently working towards enhancing the functionalities, making services more secure and user friendly. Mobi Wallet platform from WPITS is an enhanced version of mobile money platform offering the latest innovative features including capability of saving accounts, integrated lending products, micro insurance, QR Code based transactions, biometric fingerprint and iris scan based authentication, social media integration etc.
The expertise of WPITS lies in the Telecom and Fintech Software domains and therefore, it offers the best of both the worlds in its solutions. In a bid to establish as a one-stop-shop for all technological needs of FIs, in addition to a core software platform, WPITS offers innovative mobility options and several secure access technologies like Mobile Apps, USSD, SMD & IVR.
Transaction Types Supported: