COBIS Mobile Wallet allows for the use of mobile phones as a financial tool. It functions much like a prepaid card, except the “account” is associated with a mobile phone.
Key uses include:
- Every day purchases, without having to carry cash
- The unbanked can participate in the financial system
- Administration and utilization of new forms of national and international electronic money
There are many possibilities when considering this lucrative solution, however, each country has different regulations concerning the use of electronic money. With experience in 15 countries, COBIS has the infrastructure and expertise to configure and implement the version of Mobile Wallet that will function in your market.