The worldwide success of mobile telephony has created a unique opportunity for financial institutions and for telecom operators, enabling them to make money « Mobile » and provide a wide range of financial services for their customers and also be able to target the underbanked.
Mobile Money is an account on your mobile phone where your mobile number itself is the account number. FawriWallet is intended to mobile money service providers. It provides a full suite of capabilities required to offer a mobile money service to consumers, agents and merchant as well as account management.
FawriWallet connects service providers and end users by turning any mobile phone into an electronic funds account, allowing service providers to target both banked and unbanked users. It can be easily and quickly adapted to a variety of specific needs.