The use of SIMPAY™ in banking facilitates branchless banking. At Mobinet, we follow a bank-led model for the deployment of SIMPAY™ services throughout Africa.
Other applications for the technology include:
Money withdrawal from ATMs and point-of-sale purchases
Expanded services such as mobile insurance, savings and credit services
Revenue collection including rates and taxes
Payroll and other employee benefit schemes
Loyalty programs operated by businesses
SIMPAY™ is provided to account holders, bank agents and merchants in order to have a complete cycle for ease of transactions.