Mobile Money

Mobile Money is a convenient way for customers to establish an electronic account and maintain a ‘stored value’, accessible from their mobile phone, which can be used for a broad range of financial transactions. Mobile Money is a highly effective means of facilitating secure electronic transactions in both developed and developing markets.

Who can use it?

  • Mobile Network Operators or Telecommunication Companies
  • Financial Institutions
  • Retail
  • Third-Party Solution Providers

How does Mobile Money work?

Currently, there are more people in the world with a mobile phone than a bank account.

Novatti’s Mobile Money solution connects service providers and end-users by turning any mobile phone into an electronic funds account, allowing service providers to target both banked and unbanked users. It can be easily and quickly adapted to a variety of requirements.

Embedded API’s enable integration with other wallet services such as Google Wallet™ and PayPal, and payment providers such as the Western Union and MoneyGram.

What is in our offer?

With this versatile, scalable solution in place, service providers can offer a broad spectrum of smart and practical branded services such as merchant purchases, remittance, bill payments and more. They will also be supported by comprehensive reports containing all settlement details.

For a comprehensive list of mobile financial services, click here.

Why Novatti Mobile Money solution?

Your benefits:

  • Attract new customers and extend market reach
  • Unlock new revenue streams
  • Enhance end-user experience with more value-added services
  • Lower cash-distribution expenses
  • Accumulate customer data

Your customer benefits:

  • Gain access to convenient and secure mobile financial services
  • Greater ease of use – no need to carry cards or cash
  • Reduced risk and cost of holding cash