The suite of Mobile Banking applications will allow a Bank to establish a larger
client base by providing individuals in remote areas of a country that have limited
access to banking transactions to register as a client of the bank utilising the
Mobile Banking application and access basic financial functionality.
MOBILE BANKING
The existing customer base can take advantage of additional externally connected
services such as mobile Airtime top-up, prepaid electricity vouchers and utility
payments.
Corporate clients can utilise the 3rd payment capability of the Mobile Banking application
suite to improve its operational capability. A key element of banking the un-banked
is an extensive MNO data connectivity coverage throughout the country, SMS, USSD
and GPRS capability to support the corporate client base must exist within the host
country.
The types of applications that are provided by Mobile Banking are:
• Balance enquiry
• Mini statement
• Money Transfers between registered users
• 3rd Party payments
• Airtime top-up
• Utilities payments
• Un-banked payments
• Internet banking
• Bulk SMS message service
EEC markets and supports this suite of Mobile banking products throughout Africa
and has installed and interfaced the product applications to numerous banks and
MNO's. The system can be tailored to integrate with the partnering bank and with
the utility and cellular networks.
Mobile banking is seen to be an extension of the existing payment infrastructure
of a bank to mobile phones as a channel for the leveraging of the mobile network
and its reach, to deliver banking services to the banked consumers and getting the
Un-banked banked, the Mobile Banking infrastructure resides in a similar technical
environment to the banks existing ATMs, POS, and branch service offerings, the Mobile
Banking system can be interfaced to the Banks' ATM, POS and card systems giving Banks
a competitive edge.
The Mobile Banking Solution in summary is a world class cellular phone based
system that facilitates the integration of the Bank's banking system with that of
the MNO communications channel, the system provides a powerful mobile banking platform
that enables the current banking consumer or the Un-banked to bank using just about
any make or model of cellular phone.
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Mobile Banking
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Banking on your mobile phone for balance enquiries,
statements, fax statement requests, Mini statements, inter-account transfers, changing
a PIN etc.
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Person-to-person payment, Money transfer
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Enables real-time person-to-person payments and payments
to accounts at other banks.
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Prepaid airtime top-up
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Allows the prepaid customer to purchase airtime for
himself or someone else via virtual vouchers or direct recharge, directly from his
account.
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Prepaid electricity purchase
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Buy prepaid electricity directly from a mobile phone.
No need to log on to the internet or travel to an outlet.
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Bill payment, Retail purchasing, Micro-finance
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Customers can receive notifications for bill amounts
due and pay the bill directly from their mobile phones. Convenience and security
all in one.
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Information dissemination
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Buy prepaid electricity directly - Client can be alerted
or obtain general banking information through this service
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Internet Banking
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Almost all service noted above can be accessed through
the clients workstation at home or in the office
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