Digital Payments made easy can help banks compete and differentiate in their market. Our Digital Banking Platform offers a broad scope of payment capabilities and innovative ways to transfer money. BankWorld Wallet is a Digital Wallet that enables banks to offer customers the ability to easily and instantly make purchases or send and receive money through their smartphone.
This Digital Wallet empowers banks to reach remote and rural communities in emerging and developing regions by providing Digital Wallet services encompassing banking, remittances bill and other payments. Where there is a widespread usage of smartphones and a significant population of unbanked, BankWorld Wallet allows for an extremely low cost of entry into banking with high customer acquisition.
The launch of the Amole Digital Wallet in Ethiopia highlights the flexibility of the platform to meet the needs of local services and access technologies required – Mobile App, Internet and USSD, which are used to pay bills, purchase concert tickets, airline tickets, pay taxi cabs, mobile top ups, DStv bills, airtime and more. The Digital Wallet seamlessly integrates to Dashen Bank’s digital banking channels.
BankWorld Wallet allows banks to offer a comprehensive Digital Wallet and a personal payment platform resulting in increased revenue and customer acquisition.
Fees can be charged against the transaction on wallet accounts.
A simple four step customer journey onboards new customers quickly and cost efficiently via mobile. Onboarding is also available via the internet and USSD.
Digital Wallets can encourage users to open other bank accounts such as savings and loan accounts.
Accounts managed by bank – float available to the bank
BankWorld Wallet shares a pool account in your bank’s back office, so it will act as a standard account on any back office. All regulatory requirements can be managed by the bank in line with their Central Bank’s mandates. A KYC (Know Your Customer) registration capability is included in the solution.
The system includes limits for:
Dashen Bank wished to strengthen their position in the Ethiopian market and build their digital customer base. They sought to create a digital platform that offered a broad range of products and services via digital payments, which also seamlessly integrated to their digital banking channel. The bank partnered with Moneta Technologies and set about developing a digital wallet for the Ethiopian market.
Amole allows both retail and business customers to access an extensive range of rich content available to purchase via electronic payments and money transfer options, across one of Africa’s largest and fastest-growing economies. It offers ease of use and convenience when purchasing airline tickets (Ethiopian Airlines), school fees, retail payments, eCommerce, concert tickets, taxi cabs, mobile top ups, DSTV bills and more.
The platform offers a set of access points that are relevant to the Ethiopian market today which include USSD, mobile app, internet, social media and Agency Banking and offers an easy onboarding process, allowing users to self-register over a range of channels.
For banks such as Dashen, AMOLE offers incredible potential including:
AMOLE has transformed Dashen’s digital customer base with almost 4 million accounts already registered on the platform.