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Modefin OEBP – Mobile Wallet

Modefin

Digital & Retail Banking
Retail Payments
A lighter version of the mobile banking app which enables a range of actions and transactions
Digital & Retail Banking
Retail Payments
A lighter version of the mobile banking app which enables a range of actions and transactions

Modefin is a Digital Omnipresence Ecosystem Banking Platform that enables the financial institution to provide engagement touchpoints for their clients in extending their banking services. The platform also provides a robust solution for addressing the Financial Inclusion global mandate. Modefin Mobile Wallet allows the customer to open a Wallet Account with easier KYC and allows the customer to transact from their mobile devices. The Wallet solution is Telco agnostic and is a solution for Low Income population that provides less operational overhead.

Global research is still showing high ratio of unbanked population. Penetrating in new market segments such as the unbanked, digital banking and agent banking are challenges for the banks, especially as extending those services to new customers should be achieved while keeping costs low.

Reach the unbanked

Use an efficient Engagement Solution that adapts to the banking industry’s best practices and offers alternative channel (wallet) for banks, and reach the populations that traditional banking methods fail to reach.

Handle growth of customer base easily

To keep the costs low, banks need to be able to expend without adding new branches and ATM. Modefin offers a scalable platform that can handle the growth of the customer base with reduced hardware infrastructure & maintenance costs.

Fast deployment

With FusionFabric.cloud, banks get an integrated solution with Essence and Equation that can be deployed in 3-6 months and overcome the slow reaction to the internal digital transformation that banks usually manifest.

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General information

Commercial model
Resell
Integration
Pre-integrated products
Fusion Essence
Fusion Equation
doneAvailable for all 3rd party systems
Implementation
Cloud Hosted | On Premise
Website
Support
Privacy policy
Data processing countries (1)
India
Show all
Finastra employees only
Access support collateral and more on
SharePoint

How it works

Customer can perform the following transactions from the mobile app:

Powerful Wallet Management

With digital onboarding, Mobile Wallet provides banks alternative method in reaching and including the unbanked to the financial ecosystem: customer dashboard and profile, wallet summary, history and statements.

Transfer and send capabilities

The customer can manage the payees, do same and inter wallet transfers, send and/or request money via wallet.

Payments via wallet

Any kind of payment is possible with Mobile Wallet application: bill, utility and government payments, and the customer can also pay the invoices by QR code.

Advanced services

The application also offers a set of handy services: credits, loan and savings individually or by group, cardless withdrawal and rewards & loyalty.
How it works

How it looks

Main Page

User-friendly UI, easy to use. Show less

Easy Payment with QR Code

Fast and easy QR code payments Show less

Transfers

Transfer freely from Own Account, Other Bank Account or Other Wallet Show less

Payment for any type of service or event

Birthday present or any other service? We got it covered! Show less

Wish list

Create separate wallets and save money for your wishlist. Show less
screenshot container
Main PageEasy Payment with QR CodeTransfersPayment for any type of service or eventWish list

Main Page

User-friendly UI, easy to use.

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