Enterprise Platform

Mobile Wallet

    Mobile Wallet - Data Sheet

The Value Proposition for Transformational Mobile Financial Services.

The instant ubiquity of mobile phones in developed and evolving markets, coupled with growing demand for financial services wherever in the world you may be, is driving a rapid growth in mobile financial services. The market sector has seen its evolutionary cycle and has reached a state of maturity that lends itself to the mainstream uptake of these services.

The Mobile Wallet provides Mobile Network Operators (MNO) and Financial Organisations with the opportunity to bring transformational mobile financial services to individuals in economies where access to financial services is extremely limited.

Deployment of a Mobile Wallet by an MNO supports their drive for value added services, brings their pre-paid clients closer to the network by providing more insight into the individual and will also enable the MNO to benefit from business improvements in ARPU, reduced churn and access to new revenue stream such as money remittance services.

For the Financial Organisations the Mobile Wallet provides them with the opportunity to extend their services to currently un-banked consumers, providing a more cost effective service to a fundamentally different market and therefore enabling them to grow their market share.

Fundamo´s significant experience in the Mobile Financial Services industry and market leading technology solution provides clients with the opportunity to capitalise on key market trends by leveraging the experience and insight to define which mobile applications are most likely to appeal to the marketplace and how these can be packaged to provide a compelling and differentiated business model.

Fundamo´s Mobile Wallet.

The mobile wallet is a complete 'standalone' banking solution with a fully functional and secure account which the customer can use to make convenient and secure payments, amongst other things, from their mobile phone.

With functionality tailored to cater for the specific consumer needs in each market the account is managed and maintained on the mobile phone as well as through the use of the internet or a branded payment card.

The Fundamo mobile wallet delivers the fully integrated solution; the consumer friendly interface on the handset, the robust transaction and security engine for secure, efficient processing, and the fully functional value store (transactional account) with all the robust administrative functions and processes required to manage the back office.

Fundamo´s Mobile Wallet provides a rich set of mobile financial applications such as local and international money remittances, airtime purchases (own and family and friends), person to person payments, bill payments, and a full set of account management options such as balance enquiries, and card and pin management. It is modular and can be configured to deliver the required functionality in each phase of the project as required.

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