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.
with advanced functionality and lower cost
to an entire country without investment in physical infrastructure
associated with managing accounts centrally
to your customer base and create unique applications on an open platform
of even less that USD 0.01 profitably
seamlessly alongside current platforms
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.
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.