
Mobile wallet
Utiba, provider of mobile financial services solutions, has been selected by Banco FIE, a Bolivian micro-finance institution, to provide the platform for its mobile wallet. The m-wallet will be used to expand banking services to the financial underserved communities which Banco FIE assists. Utiba will provide Banco FIE with mobile financial services platform that will allow it to deploy a full range of mobile financial services, which will be rolled out gradually.
Utiba’s platform has been deployed in around 30 countries worldwide, mainly by mobile network operators, financial institutions and third party payment service providers looking to provide financial services to the unbanked – an estimated 2.5 billion people worldwide.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more