Financial Services Providers

Dramatically lower costs, enhance service offerings, and enable new revenue opportunities. Lower barriers to access financial services and expand financial coverage to new customers at the bottom of the pyramid without the need for expensive investments in brick and mortar infrastructure.

The opportunity to convert cash transactions to digital transactions enables financial services providers to run unique new financial tools in parallel with current services. Handling the full customer relationship, financial services providers are the interface with and contract partner of all users – providing merchants, consumers, and others with a full range of services through a real digital wallet used to store digital legal tender.

The Opportunity

OFFER WALLETS TO CUSTOMERS

with advanced functionality and lower cost

EXPAND FINANCIAL COVERAGE

to an entire country without investment in physical infrastructure

REDUCE COMPLIANCE COSTS

associated with managing accounts centrally

OFFER FULL FINANCIAL SERVICES

to your customer base and create unique applications on an open platform

FACILITATE DIGITAL MICROTRANSACTIONS

of even less that USD 0.01 profitably

INTRODUCE NEW SERVICES

seamlessly alongside current platforms

First True Digital Wallet

Provide customers with a real digital wallet — a safer, more efficient, and functional version of the physical wallet and the lowest barrier for entry to financial services. Develop and customize a range of wallets with advanced functionality under your unique product requirements and branding connecting to your existing services such as customer deposit accounts.

Digital wallets:

  • Hold bearer instruments (digital legal tender) directly on a users mobile phone
  • Can exclusively be accessed by the individual in physical possession
  • Eliminate institutional risk allowing the user to be in control of their assets

Efficient Transacting

On the Monetas platform, digital legal tender is transacted between wallets in the same manner as physical cash – directly from person to person with no involvement of financial intermediaries.

Compliance is ensured by financial services providers just as it is today, however transactions between participants occur directly peer-to-peer. Because a customer always holds their own cash,  institutional risk associated with managing accounts is eliminated and cost reduced by multiple orders of magnitude.

This enables an institution to profitably execute a transaction as small as $0.01, across mobile networks and national borders.

Digital legal tender enables financial services providers to refocus on their core strengths as a trusted partner, service innovator, and solution provider. We help your institution access the mobile generation.

Interested in modernizing your core banking software?

Contact us today partners@monetas.net